The Financial Action Task Force updated its list of jurisdictions that have material deficiencies in their anti-money laundering requirements or measures regarding the combatting of financing of terrorism. This update may affect financial services’ firms’ obligations and risk-based approaches to dealing with persons from the identified jurisdictions. FATF is a 37-member intergovernmental policy-making body that establishes international standards to address money laundering and terrorist financing. The United States is a member of FATF.