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FATF: modification of the criteria for inclusion in the list of high-risk jurisdictions

22/10/2024
Source : ORISHAS-FINANCE
Categories: Compliance

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Le jeudi 17 octobre dernier, le groupe d' action financière ( FATF

) announced the modification of the criteria for including countries in the list of jurisdictions with shortcomings in the anti-money laundering and terrorist financing system.

The FATF aims to ease the pressure on the least developed countries and to focus on countries that present greater risks to the international financial system by changing the list of high-risk jurisdictions. The changes made by the GAFI will ensure that the listing process better targets the countries that pose the greatest risk to the international financial system and that it contributes to providing more ad hoc support. equivalent to countries with low capacity. The GAFI works with these countries through a peer-led process to fill the gaps that enable illicit financial flows. These are the least developed countries that feel the impact of illicit financial flows the most, as they hinder development

.
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