In Paris, 205 countries and jurisdictions, as well as international organizations, discussed AML/CFT issues in the second Plenary under the chairmanship of the Financial Action Task Force (FATF) President Xiangmin Liu. In the FATF’s evaluation of various countries, the UAE was found to have strengthened its AML/CFT system, while Albania, Barbados, Jamaica, Mauritius, Myanmar, Nicaragua and Uganda showed some strategic AML/CFT deficiencies. Following this addition of Myanmar to the FATF’s ‘gray list’, the Myanmar Real Property Development Association said that real estate agents must undergo training to identify potential money-laundering threats. Meanwhile, Switzerland, which was on the EU’s gray list for 2 years, was asked by the FATF to ensure that advisers to the financial service industry also report suspicious transactions.

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