New list of countries with a high risk of money laundering, terrorist financing and corruption (November 2023)

Ministerial Order no. 2023-680 of 22 November 2023 (published in JDM no. 8671 of 1 December 2023) amended the list of States or territories whose systems for combating money laundering, terrorist financing or corruption are strategically deficient, referred to in Article 14-1 of Law no. 1.362 of 3 August 2009, as amended, and set by Ministerial Order no. 2021-703 of 8 November 2021, in accordance with the decisions of the FATF and the EU.

Withdrawals: Albania, Cambodia, Cayman Islands, Jordan, Morocco.
Added: Bulgaria

New list:

• Afghanistan
• South Africa
• Barbados
• Bulgaria
• South Africa
• Burkina Faso
• Cameroon
• Croatia
• United Arab Emirates
• Gibraltar
• United Arab Emirates
• Haiti
• Democratic Republic of Congo
• Jamaica
• Mali
• Mozambique,
• Myanmar/Burma
• Nigeria
• Uganda
• Panama
• Philippines
• Senegal
• South Sudan
• Syria
• Tanzania
• Trinidad and Tobago
• Turkey
• Vanuatu
• Vietnam
• Yemen.

Sources:

• Decision to place Bulgaria on the list of jurisdictions under enhanced scrutiny taken by the Financial Action Task Force at its plenary meeting on 25-27 October 2023 and to remove Albania, the Cayman Islands and Jordan.
• Decision to remove Cambodia and Morocco from the list in Commission Delegated Regulation (EU) 2016/1675 of 14 July 2016 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council by the identification of high-risk third countries with strategic deficiencies, amended, by Commission Delegated Regulations (EU) 2023/1219 and 2023/2070 of 17 May and 18 August 2023 respectively and the addition of South Africa, Cameroon, Nigeria and Vietnam.