The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) intwo FATF public documentsthat are issued three times a year.The FATF’s process to publicly list countries with weak AML/CFT regimes has proved effective. As of October 2024, the FATF has reviewed 137 countries and jurisdictions and publicly identified 112 of them. Of these, 85 have since made the necessary reforms to address their AML/CFT weaknesses and have been removed from the process

If at the time of establishing or in the course of the customer relationship or when conducting transactions on behalf of a customer, a reporting entity observes transactions related to high-risk countries then the entity is required to submit an HRC report to FIU UAE.

List of High-Risk Countries – Black List

FATF – BLACK LIST COUNTRIES AS AT 25/10/2024

1. Democratic People’s Republic of Korea

2. Iran

3. Myanmar

List of High-Risk Countries - Grey List

FATF – GREY LIST COUNTRIES AS AT 25/10/2024