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When the Financial Action Task Force (FATF) places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. This list is often externally referred to as the “grey list". As of 23 June 2023, the countries under grey list are as follows:
Albania, Barbados, Burkina Faso, Cameroon, Cayman Islands, Croatia, Democratic Republic of the Congo, Gibraltar Haiti, Jamaica, Jordan, Mali, Mozambique, Nigeria, Panama, Philippines, Senegal, South Arica, South Sudan, Tanzania, Turkiye, Uganda, United Arab Emirates, Vietnam, Yemen You are suggested to conduct a due diligence on your suppliers/customers/counterparties to ensure that they do not fall under FATF's recommendation or be alert in dealing with captioned jurisdiction.
Please do not hesitate to contact us at below for details: Whatsapp : (852) 6499 4686 Phone : (852) 2186 6936 Email : info@intershores.hk
Disclaimer: Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice.. |
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