AML/CFT/CPF Handbook - Appendices C & I Updates

The Commission has today issued updates to two appendices in the Handbook on Countering Financial Crime which add Gibraltar to the Appendix C list of equivalent jurisdictions and update the Appendix I list of higher risk jurisdictions following the Financial Action Task Force changes to its list of jurisdictions under increased monitoring.

Gibraltar’s addition to Appendix C means that in certain circumstances specified in the Handbook, specific customer due diligence concessions may be applied to businesses connected with the jurisdiction. Firms must ensure that in determining the application of those CDD measures which apply only where the risk is low, that their customer risk assessments consider all relevant risk factors and not solely by reference to the jurisdiction’s inclusion on Appendix C.

Senegal has been removed from Appendix I after the FATF removed it from its list of jurisdictions under increased monitoring. Appendix I has also been amended to reflect the FATF’s listing of Algeria, Angola, Cote d’Ivoire (Ivory Coast) and Lebanon, which are already on the appendix.

Some of the other sources used in the compilation of Appendix I have updated their assessments which have also led to the addition of Belize and the removal of Barbados, Chile and Senegal.

The clean and tracked version of the Handbook (including Appendices C and 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.