New list of high risk countries for money laundering, terrorist financing and corruption

Ministerial Order no. 2023-413 of 7 July 2023 (JDM no. 8651 of 14 July 2023) amending Ministerial Order no. 2021-703 of 8 November 2021, updates the list of States or territories whose anti-money laundering, combating the financing of terrorism or combating corruption systems are strategically deficient (high-risk States or territories) pursuant to Article 14-1 of Act 1.362 of 3 August 2009, in accordance with FATF and EU decisions.

Added to the national list: Cameroon, Croatia, Vietnam.

Removed from the national list: Nicaragua, Pakistan, Zimbabwe.

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National list

• Afghanistan
• Albania
• Albania
• Barbados
• Burkina Faso
• Cambodia
• Cameroon (since October 2021, progress has been made on some of the recommended actions by increasing FIU resources and strengthening the capacity of investigative authorities and judicial bodies to effectively conduct ML/FT cases. In June 2023, Cameroon made a high-level political commitment to work with the FATF and GABAC to strengthen the effectiveness of its AML/CFT regime)
• Croatia (Since December 2021, progress has been made on the recommended actions to improve its system by licensing and monitoring the registration of AVSPs, strengthening and implementing more effective sanctions in supervisory activities and improving the implementation of preventive measures for high-risk sectors. In June 2023, Croatia made a high-level political commitment to work with the FATF and MONEYVAL to strengthen the effectiveness of its AML/CFT regime)
• United Arab Emirates
• Gibraltar
• Haiti
• Cayman Islands
• Democratic Republic of the Congo
• Jamaica
• Jordan
• Mali
• Morocco
• Mozambique
• Myanmar/Burma
• Nigeria
• Uganda
• Panama
• Philippines
• Senegal
• South Sudan
• Syria
• Tanzania
• Trinidad and Tobago
• Turkey
• Vanuatu
• Vietnam (since November 2021, progress has been made on some of the recommended actions by joining the Asset Recovery Interagency Network Asia Pacific (ARIN-AP) and adopting a national action plan on AML/CFT/FP. In June 2023, Vietnam made a high-level political commitment to work with the FATF and APG to strengthen the effectiveness of its AML/CFT regime)
• Yemen

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Sources:

Decision to place Cameroon, Croatia and Vietnam on the list of jurisdictions under enhanced scrutiny taken by the Financial Action Task Force at its plenary meeting from 21 to 23 June 2023.

Decision to remove Nicaragua, Pakistan and Zimbabwe from the table in point I of the Annex to 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, as amended, by Commission Delegated Regulation (EU) 2023/410 of 19 December 2022.