INTERPOL’s Post

Latest update of FATF of countries on the Grey List.

𝐋𝐚𝐭𝐞𝐬𝐭 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐜𝐭𝐢𝐨𝐧 𝐓𝐚𝐬𝐤 𝐅𝐨𝐫𝐜𝐞 (𝐅𝐀𝐓𝐅) 𝐆𝐫𝐞𝐲 𝐋𝐢𝐬𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 On the 28th of June 2024 the Financial Action Task Force (FATF) updated its Grey List, highlighting countries with deficiencies in their anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks. T𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞, 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐆𝐫𝐞𝐲 𝐋𝐢𝐬𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: Bulgaria Burkina Faso Cameroon Croatia Democratic Republic of the Congo Haiti Kenya Mali Monaco - Newly added Mozambique Namibia Nigeria Philippines Senegal South Africa South Sudan Syria Tanzania Venezuela - Newly added Vietnam Yemen Being on the Grey List indicates that these countries need to work on improving their AML and CTF measures to meet FATF standards. However, there is good news for Jamaica and Türkiye, as they have successfully implemented the required reforms and have been removed from the Grey List. This progress showcases the positive impact of international cooperation and diligent efforts to enhance financial transparency and security. #FATFGreyList #antimoneylaundering #counterterroristfinancing #AML #CTF #financialcompliance, #FATFupdates #Jamaica #Türkiye

𝐋𝐚𝐭𝐞𝐬𝐭 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐜𝐭𝐢𝐨𝐧 𝐓𝐚𝐬𝐤 𝐅𝐨𝐫𝐜𝐞 (𝐅𝐀𝐓𝐅) 𝐆𝐫𝐞𝐲 𝐋𝐢𝐬𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 On the 28th of June 2024 the Financial Action Task Force (FATF) updated its Grey List, highlighting countries with deficiencies in their anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks. 𝐀𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞, 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐆𝐫𝐞𝐲 𝐋𝐢𝐬𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: Bulgaria Burkina Faso Cameroon Croatia Democratic Republic of the Congo Haiti Kenya Mali Monaco - Newly added Mozambique Namibia Nigeria Philippines Senegal South Africa South Sudan Syria Tanzania Venezuela - Newly added Vietnam Yemen Being on the Grey List indicates that these countries need to work on improving their AML and CTF measures to meet FATF standards. However, there is good news for Jamaica and Türkiye, as they have successfully implemented the required reforms and have been removed from the Grey List. This progress showcases the positive impact of international cooperation and diligent efforts to enhance financial transparency and security. #FATFGreyList #antimoneylaundering #counterterroristfinancing #AML #CTF #financialcompliance, #FATFupdates #Jamaica #Türkiye

𝐅𝐀𝐓𝐅 𝐆𝐫𝐞𝐲 𝐋𝐢𝐬𝐭 𝐔𝐩𝐝𝐚𝐭𝐞: Latest Additions and Removals Sharing the below post from KYC Lookup highlighting the recent updates to the Financial Action Task Force (FATF) grey list. #FATF #Greylist #KYCLookup

FATF grey listed countries update as of 28th of june 2024, critical information for anyone affiliated to financial sector. #FATF #GreyList #FinancialSector #FinancialAdvisory #BankingOperations #AccountOpening #OperationalControls #BankingRegulations #KYC #AML #Compliance #FinancialServices #RiskManagement

UAE is continuously elevating its AML framework, ensuring a robust and compliant financial environment! In addition to the AML Law amendment announced yesterday, here’s a quick snapshot of the significant strides made recently. 🛑 32 local gold refineries were suspended last week for three months due to non-compliance with AML laws, highlighting the UAE’s rigorous regulatory oversight. 🛑 Earlier this month, the UAE Central Bank imposed a fine of Dh5.8 million ($1.6 million) on a bank for breaching AML/CFT regulations, reinforcing strong accountability within the financial sector. 🛑 Fines totaling Dh249.2 million ($67.9 million) were imposed by regulatory authorities for AML/CFT violations between January and October last year—a significant jump from Dh76 million in 2022. 🛑 Over Dh10 million in fines related to targeted financial sanctions were collected between July and October 2023, reflecting the UAE’s proactive stance on financial compliance. These actions demonstrate the UAE's unwavering commitment to maintaining a world-class financial system. #StayCompliant #AMLUAE #FinancialCompliance #RegulatoryOversight

Six Elements of a Customer Due Diligence (CDD) Program👇 📌 Customer Identification 📌 Customer Acceptance 📌 Risk Rating 📌 Monitoring 📌 Investigations 📌 Documentations Follow Siddarth Shenoy C̅A̅M̅S̅ Bhumika Dhote Follow Hashtag 👉 #kycamlwithsiddarth For AML KYC Learning🧑💻👨🏫 #smuggling #taxevasion #corruption #scam #moneylaundering #antimoneylaundering #counterterrorism #knowyourcustomer #aml #kyc #terroristfinancing #drugtrafficking #ofac #bsa #fincen #kycamlwithsiddarth

I'm am associating with @Euromoney Learning to run our highly topical Anti-Money Laundering, Counter-Terrorism Financing & Compliance    Join us from January 9-10 in Dubai to learn how to safeguard your organisation in a world of heightened financial criminal attacks.      Find out everything you need to know about the course, and register here:   https://lnkd.in/dH-VmPXT #Anti-MoneyLaundering #Compliance #Training #EuromoneyLearning

#𝐅𝐀𝐓𝐅 𝐆𝐫𝐞𝐲 𝐋𝐢𝐬𝐭 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟒 Good News! #𝑱𝒂𝒎𝒂𝒊𝒄𝒂 𝒂𝒏𝒅 #𝑻𝒖̈𝒓𝒌𝒊𝒚𝒆 have been removed from the FATF Grey List (Jurisdictions Under Increased Monitoring). This list identifies countries working with the FATF to improve their anti-money laundering and counter-terrorism financing (AML/CFT) regimes. 𝐖𝐡𝐚𝐭 𝐇𝐚𝐩𝐩𝐞𝐧𝐞𝐝? At the recent FATF plenary meeting, Jamaica and Türkiye demonstrated successful completion of their action plans to address AML/CFT deficiencies. As a result, they are no longer on the Grey List. 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐆𝐫𝐞𝐲 𝐋𝐢𝐬𝐭: 𝑹𝒆𝒎𝒐𝒗𝒆𝒅: #Jamaica #Türkiye 𝑨𝒅𝒅𝒆𝒅: #Monaco #Venezuela 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑮𝒓𝒆𝒚 𝑳𝒊𝒔𝒕 (𝒂𝒔 𝒐𝒇 𝑱𝒖𝒏𝒆 28𝒕𝒉, 2024): 1. #Bulgaria 2. #BurkinaFaso 3. #Cameroon 4. #Croatia 5. #DemocraticRepublicoftheCongo 6. #Haiti 7. #Kenya 8. #Mali 9. #Monaco (New) 10. #Mozambique 11. #Namibia 12. #Nigeria 13. #Philippines 14. #Senegal 15. #SouthAfrica 16. #SouthSudan 17. #Syria 18. #Tanzania 19. #Venezuela (New) 20. #Vietnam 21. #Yemen Source: Jurisdictions under Increased Monitoring June 2024 (fatf-gafi.org)

Compliance in Namibia: Staying ahead of evolving regulations and securing a strong future By Melanie Meiring (CFE) Namibia has recently been under increased scrutiny from the global community, with the Financial Action Task Force (FATF) grey-listing it. there are some gaps in Namibia's anti-money laundering and anti-terrorism financing measures. These areas must improve to meet international standards. But what does this mean for businesses operating in Namibia, and how can they stay compliant while supporting a thriving economy? The journey to compliance can seem demanding, with requirements like apostilled copies of ID documents, certifications, and extensive background checks. https://lnkd.in/d3VNkFbE #Namibia #compliance #FAFT #greylisting #antimoneylaundering