Task force updates AML-deficiency jurisdictions

The Financial Action Task Force—a global anti-money-laundering watchdog—updated its statements concerning jurisdictions with strategic AML, terrorist-financing, and weapons-proliferation deficiencies.

Updates: The FATF on March 4 removed Zimbabwe from its list of Jurisdictions under Increased Monitoring and added the United Arab Emirates.

Unchanged: The FATF’s list of High-Risk Jurisdictions Subject to a Call for Action remains the same with Iran and North Korea still subject to FATF countermeasures.