FATF adds Malta, Haiti, South Sudan and the Philippines to increased monitoring list

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The Financial Action Task Force (FATF) has added Malta, Haiti, South Sudan and the Philippines to its list of jurisdictions requiring increased monitoring for their shortcomings in meeting international standards on fighting money laundering and terrorist financing, 22 countries are now subject to increased monitoring. Financial institutions should regularly re-assess the financial crime risks prevalent in the jurisdictions in which they operate in, or use an independent tool like Plenitude Compass to inform their view of country risk.


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