12
Dec
2022
Legal news
Compliance
2022
Legal news
Compliance
Amendment of the list of states with high risk of money laundering, terrorist financing and corruption (December 2022)
Pursuant to the FATF's update of its list of countries under enhanced scrutiny due to deficiencies in the AML/CFT system, Ministerial Order 2022-662 of 2 December 2022 amends Ministerial Order 2021-703 of 8 November 2021.
The list of States or territories whose anti-money laundering, combating the financing of terrorism or corruption systems show strategic deficiencies (high-risk States or territories: HRT) has been updated and is as follows:
Legend : Deletion Addition
- Afghanistan
- Albania
- Barbados
- Burkina Faso
- Cambodia
- United Arab Emirates
- Gibraltar
- Haiti
- Cayman Islands
- Democratic Republic of the Congo
- Jamaica
- Jordan
- Mali
Malta- Morocco
- Mozambique
- Myanmar/Burma
- Nicaragua
- Uganda
- Pakistan
- Panama
- Philippines
- Senegal
- South Sudan
- Syria
- Tanzania
- Trinidad and Tobago
- Turkey
- Vanuatu
- Yemen
- Zimbabwe
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The legal basis for this list is Art. 14-1 of Law 1.362 (created by Law 1.503 of 23 December 2020), which states that:"States or territories whose anti-money laundering, combating the financing of terrorism or corruption systems present strategic deficiencies that pose a significant threat to the proper functioning of the financial system, shall be considered as high risk States or territories.
The list of these States or territories is determined by ministerial order. This ministerial order is published on the website of the Service d'Information et de Contrôle sur les Circuits Financiers".
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Related text:
Decision to place the Democratic Republic of Congo, Mozambique and Tanzania on the Enhanced Surveillance List taken by the Financial Action Task Force at its plenary meeting on 18-21 October 2022. More information > https://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-october-2022.html
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