AML/CFT/CPF Handbook - Appendix I Update

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to remove Bulgaria and Monaco from the Appendix I list of higher risk jurisdictions. This follows the Financial Action Task Force’s (“FATF”) decision to remove them from its list of jurisdictions under increased monitoring.

FATF has also removed Côte d’Ivoire and the Democratic Republic of the Congo from its list of jurisdictions under increased monitoring. Both jurisdictions remain on Appendix I because they are identified as presenting higher financial crime risks by other relevant external sources.

In addition, within its statement on Vietnam, FATF has expressed significant concern about Vietnam’s pace of progress in addressing its strategic deficiencies and has stated that it will consider next steps if tangible improvements are not made by the next FATF Plenary meeting.

The clean and tracked version of the Handbook (including Appendix I) can be accessed via the Handbook page, with Appendix I available on the Notices, Instructions & Warnings page.

The FATF page on High-Risk and Other Monitored Jurisdictions can be found here.