Update On Financial Action Task Force List Of Identified Jurisdictions In February 2025

13/03/2025

UPDATE ON FINANCIAL ACTION TASK FORCE LIST OF IDENTIFIED JURISDICTIONS IN FEBRUARY 2025

All Capital Market Operators, Experts and Stakeholders are hereby notified that the Financial Action Task Force (FATF), at its plenary meeting of 21st February, 2025 updated its lists of High-Risk Jurisdictions Subject to a Call for Action (Black List) and Jurisdictions Under Increased Monitoring (Grey-List) as follows:

High-Risk Jurisdictions Subject to a Call for Action (Black List)

  1. Democratic People’s Republic of Korea;
  2. Islamic Republic of Iran; and
  3. Myanmar

 Jurisdictions Under Increased Monitoring (Grey-List)

  1. Algeria
  2. Angola
  3. Bulgaria
  4. Burkina Faso
  5. Cameroon
  6. Cote D’Ivoire
  7. Croatia
  8. Democratic Republic of Congo
  9. Haiti
  10. Kenya
  11. Lebanon
  12. Mali
  13. Monaco
  14. Mozambique
  15. Namibia
  16. Nigeria
  17. South Africa
  18. South Sudan
  19. Syria
  20. Tanzania
  21. Venezuela
  22. Vietnam
  23. Lao People’s Democratic Republic; and
  24. Nepal

Capital Market Operators, Experts and Stakeholders are required to implement Targeted Financial Sanction (TFS) on High Risk Jurisdictions and to apply enhanced due diligence measures for any business relationship and transactions linked to Countries under increased monitoring, line with relevant regulatory requirements.

Please be guided.

 SECURITIES AND EXCHANGE COMMISSION (SEC)

February 27, 2025