ARTICLE
28 February 2025

High Risk And Non-Cooperative Jurisdictions

GT
Grant Thornton Malta

Contributor

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The FIAU endorses such documents through a Guidance Note on High Risk and Non-Cooperative Jurisdictions published on February 2025 and as a result, subject persons are obliged to compl with the FATF public documents.
Malta Government, Public Sector

The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two FATF public documents that are issued three times a year.

The FIAU endorses such documents through a Guidance Note on High Risk and Non-Cooperative Jurisdictions published on February 2025 and as a result, subject persons are obliged to compl with the FATF public documents.

Category 1 - Jurisdictions that have strategic AML/CFT deficiencies and to which counter-measurs apply. Category 2 - Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies. Category 3 - Jurisdictions with strategic AML/CFT deficiencies that have developed an action plan with the FATF and have made a high-level political commitment to address their AML/CFT deficiencies
Democratic People's Republic of Korea (DPRK) Algeria
Iran Angola
Myanmar * NEW * Bulgaria
Burkina Faso
Cameroon
Côte d'Ivoire
Croatia
Democratic Republic of the Congo
Haiti
Kenya
Lebanon
Lao PDR * NEW *
Mali
Monaco
Mozambique
Namibia
Nepal * NEW *
Nigeria
South Africa
South Sudan
Syria
Tanzania
Venezuela
Vietnam
Yemen

Additionally, note that the following jurisdiction was removed from Category 3: Philippines.

For further information kindly refer to the following resources:

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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