FATF’s Risk List Grows as Scrutiny Deepens on Financial Crime Hotspots
There’s nothing like a fresh list from the Financial Action Task Force (FATF) to remind the world’s financial institutions that risk never sleeps. At its latest plenary meeting this June, the FATF (the global watchdog for anti-money laundering, counter-terrorist financing, and counter-proliferation finance i.e., AML/CFT/CPF) updated its closely watched list of countries with strategic deficiencies in these areas. Two new names made the cut, three were struck off, and the usual suspects remain firmly entrenched in the high-risk zone.