AML/CFT Handbook Update and Gibraltar Instruction21st July 2022
The Commission has today issued amendments to the country lists in Appendix C and Appendix I of the Handbook on Countering Financial Crime and Terrorist Financing reflecting the Financial Action Task Force’s updated list of jurisdictions under increased monitoring, which now includes Gibraltar.
The amendments include the removal of Gibraltar from the list of equivalent jurisdictions in Appendix C and its addition to the list of countries and territories identified in Appendix I which may present a higher risk of money laundering and terrorist financing. At the same time, an instruction is issued to all specified businesses setting out the steps to be taken before the end of December 2022 in respect of business relationships they have which are connected to Gibraltar.
The Commission has removed Malta from Appendix I to the Handbook as a result of the FATF’s announcement. Malta is no longer under increased monitoring by the FATF having addressed its AML/CFT deficiencies.
The updated Handbook, appendices, the instruction and the latest FATF notice can be accessed via the below links: