On the 23 October 2015 the FATF issued a public statement whereby it identified the jurisdictions that have strategic deficiencies to the international financial system. As in previous occasions, the FATF has classified the jurisdictions into three different categories, in accordance with the deficiencies present in such jurisdictions and the level of commitment and progress made in addressing such deficiencies.
The categories are the following:
- Jurisdictions that have failed to meaningfully address their AML/CFT deficiencies and are subject to counter-measures;
- Jurisdictions that have not made sufficient progress in addressing their AML/CFT deficiencies or have not committed to an action plan developed with the FATF;
- Jurisdictions that have developed an action plan with the FATF and have made a high-level political commitment to address their AML/CFT deficiencies .
The FATF also lists jurisdictions that are not making sufficient progress and those that are no longer subject to the FATF on-going global AML/CFT compliance process.
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