The Financial Action Task Force (FATF) has released an updated list of countries with strategic deficiencies in combating money laundering and terrorist financing. The list now includes Algeria, Angola, Lebanon, Kenya, and Ivory Coast as countries with heightened risks. Senegal has been removed from the list. Thus, Angola and Ivory Coast are the new additions to the list of high-risk countries.
The Organisation for Economic Co-operation and Development (OECD) has removed Anguilla from its list of countries with insufficient tax transparency legislation. However, due to its presence on other high-risk lists, Anguilla remains part of the overall high-risk countries list.
The European Union has removed Antigua and Barbuda from its list of non-cooperative jurisdictions for tax purposes. As a result, the country is no longer included in the EU’s list of high-risk jurisdictions.
Countries producing raw materials for the manufacture of illicit drugs include Lebanon, Syria, and Thailand. Thailand is the new addition to the list of high-risk countries in this category.
The updated list now includes new countries across various risk categories, requiring increased monitoring and measures to mitigate potential financial risks.
The updated list is available here.