The Financial Intelligence Analysis Unit (“FIAU”) has announced that the Financial Action Task Force (“FATF”) has published its latest updates to the lists of High-Risk Jurisdictions subject to a Call for Action and Jurisdictions under Increased Monitoring, dated the 24th October 2025.
These updates are particularly relevant to all subject persons under the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”), who are required to implement the applicable due diligence measures under Regulation 11 of the PMLFTR and Chapter 8 of the FIAU Implementing Procedures, Part I.
High-Risk Jurisdictions Subject to a Call for Action
The FATF continues to identify jurisdictions with significant strategic deficiencies in their Anti-Money Laundering (“AML”), Countering the Financing of Terrorism (“CFT”), and Counter-Proliferation Financing regimes. These jurisdictions are subject to a call for countermeasures.
- Iran and the Democratic People’s Republic of Korea (“DPRK”) remain on the FATF’s list of High-Risk Jurisdictions subject to a Call for Action.
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- The FATF reiterated its concern over the DPRK’s ongoing illicit activities and increased connectivity with the international financial system, which heightens proliferation financing risks.
- While Iran has re-engaged with the FATF, progress in addressing its deficiencies remains limited. The FATF continues to call for effective countermeasures against Iran until it achieves full compliance.
- Myanmar also remains subject to a call for action, pending completion of its action plan. The FATF urges enhanced due diligence (“EDD”) measures to be applied to Myanmar, noting that if no progress is made by February 2026, countermeasures will be considered.
Subject persons should therefore apply EDD measures in line with Regulation 11(11) of the PMLFTR when dealing with these jurisdictions.
Jurisdictions Under Increased Monitoring
The FATF has also updated its list of jurisdictions under Increased Monitoring – countries that have committed to addressing identified AML/CFT deficiencies through an agreed action plan. Countries reviewed since June 2025 include:
- Algeria, Angola, Bulgaria, Burkina Faso, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Kenya, Lao PDR, Monaco, Mozambique, Namibia, Nepal, Nigeria, South Africa, South Sudan, Syria, Venezuela, and Vietnam.
The following jurisdictions have deferred their reporting: Bolivia, Haiti, Lebanon, the Virgin Islands (UK), and Yemen. In these cases, the FATF has confirmed that previous statements remain applicable.
Subject persons should apply EDD measures as required under Regulation 11(10) of the PMLFTR when dealing with these jurisdictions.
Jurisdictions No Longer Under Increased Monitoring
The FATF has announced that Burkina Faso, Mozambique, Nigeria, and South Africa have made sufficient progress in addressing their AML/CFT deficiencies and are therefore no longer subject to Increased Monitoring.
The Russian Federation’s FATF Membership
The suspension of the Russian Federation’s FATF membership remains in effect. The FATF stresses that its prior statements on this matter (first issued in March 2022) continue to apply and urges all jurisdictions to remain vigilant against the potential circumvention of existing countermeasures.
A copy of the full FATF Public Statement be accessed here.
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