Following the new publication (23/06/2023) of the Financial Action Task Force (FATF) the following countries have been added to the Jurisdictions Under Increased Monitoring (the “grey” list).
New Entries to the FATF’s Jurisdictions Under Increased Monitoring List:
Following the publication (26/06/2023) of the EU Commission of the Commission Delegated Regulation (EU) 2023/1219 of 17 May 2023 amending Delegated Regulation (EU) 2016/1675 as regards adding Nigeria and South Africa to the table in point I of the Annex and deleting Cambodia and Morocco from that table, the following changes to the EU Commission’s High-Risk Third Countries List will be in effect as from 16/07/2023:
New Entries to the EU Commission’s High-Risk Third Countries List:
Removed from the EU Commission’s High-Risk Third Countries List:
It is noted that Nigeria & South Africa were already considered high-risk countries, as they are also included in the FATF’s Jurisdictions Under Increased Monitoring List.
Based on the above-mentioned changes, please see below the updated list of High-Risk Countries.
Due to the ongoing war with Ukraine and the various sanctions that are gradually imposed on Russia, although this country is not currently included in the EU & FATF lists, please also consider Belarus as high-risk jurisdiction.