The International Financial Services Centres Authority (IFSCA) on July 17, 2026, issued press release on Financial Action Task Force (FATF) High Risk Jurisdictions Subject to a Call for Action and Jurisdictions under Increased Monitoring – June 19, 2026.
The Financial Action Task Force (FATF), in its public statements dated June 19, 2026, has identified jurisdictions with strategic deficiencies in Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Countering Proliferation Financing (CPF) frameworks. FATF has called for strict countermeasures against Democratic People's Republic of Korea (DPRK) and Iran, and enhanced due diligence measures for Myanmar, based on the level of associated risks.
Additionally, FATF has listed multiple jurisdictions under “Increased Monitoring,” including Angola, Bolivia, Bosnia and Herzegovina, Bulgaria, Cameroon, Côte d'Ivoire, Democratic Republic of the Congo, Haiti, Iraq, Kenya, Kuwait, Lao PDR, Lebanon, Monaco, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands (UK), and Yemen. Bosnia and Herzegovina and Iraq have been newly added, while Algeria and Namibia have been removed from the list.
IFSCA has advised all regulated entities to take note of these updates and incorporate them into their risk-based AML/CFT/CPF compliance frameworks. Entities should exercise appropriate due diligence while dealing with these jurisdictions; however, the advisory does not restrict legitimate trade or business activities with the mentioned countries.
