Maheen Siraj’s Post

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

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

FATF Grey List Update – October 2024: Shifts in Global Financial Compliance   In its latest review on 25th October 2024, the Financial Action Task Force (FATF) has removed Senegal from the Grey List due to improvements in its anti-money laundering and counter-terrorism financing measures. Meanwhile, Lebanon, Algeria, Angola, and Côte d'Ivoire have been added, highlighting areas where enhanced monitoring will support compliance.   These shifts underscore FATF's ongoing efforts to strengthen global financial standards. Businesses operating in or with connections to these jurisdictions should stay informed on compliance requirements and evaluate risks accordingly.   #FATF #Compliance #FinancialSecurity #AML #RiskManagement #GreyList

Compliance in Namibia: Staying ahead of evolving regulations and securing a strong future: By Melanie Meiring 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 […]

🌐 FATF Updates: Strengthening Global Financial Integrity 🌐 I wanted to share recent updates from the Financial Action Task Force (FATF) that impact global financial integrity and compliance standards. The FATF releases a “Jurisdictions under Increased Monitoring” list, commonly known as the Grey List, Key Changes: Senegal has been removed from the FATF grey list, marking a significant achievement in its anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. This removal highlights Senegal’s commitment to strengthening its financial regulations and aligning with international standards. Meanwhile, Lebanon, Algeria, Angola, and Côte d'Ivoire have been newly added to the grey list. This inclusion reflects ongoing concerns about their progress in combatting financial crimes and fortifying regulatory frameworks. Reference: https://lnkd.in/da7jcMyJ https://lnkd.in/dD-vT-rs #FATF #MoneyLaundering #TerrorismFinancing #FinancialIntegrity #Compliance #GlobalStandards

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

The UAE have announced amendments to their laws on anti-money laundering and the financing of terrorism, including the formation of a National Committee for Anti-Money Laundering and Combating of the Financing of Terrorism and Financing of Illegal Organisations Committee, as well as the establishment of a Supreme Committee for the Oversight of the National Strategy for Anti-Money Laundering and Counter-Terrorisms Financing. Learn more about these latest developments. >> https://lnkd.in/d6Hy9asJ   #AML #UAE #NAMLCFTC

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