Handbook on Countering Financial Crime and Terrorist Financing

The Commission has updated Appendix I to the Handbook after the announcement that Iceland and Mongolia are no longer under increased monitoring by FATF because of their strengthened AML/CFT regimes. Iceland has been removed from Appendix I, but Mongolia will remain as it continues to be listed by a relevant external source.

Part of The Commission’s update has included the addition of the North Sinai region and the removal of Bhutan and Saudi Arabia. Due to the high risk of money laundering and/or terrorist financing, firms are encouraged to review the updated Appendix I in order to assess the impact that these changes may have on their business. 

The FATF page on High-Risk and Other Monitored Jurisdictions can be found here.

Updated and tracked versions of Appendix I can be found here.

To view this notification in full, please click here.

For further information & guidance, please contact the Advisory Team at Aspida via info@aspidagroup.com

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