Key updates include:
➡️ Burkina Faso, Mozambique, Nigeria and South Africa were removed from the list following significant progress;
➡️ Bolivia, Cameroon and Kenya made improvements to their AML/CTF regimes but still face gaps in supervision and enforcement;
➡️ Namibia and Nepal are in early stages of implementing their action plans;
➡️ South Sudan, Syria and Yemen made limited progress, with FATF unable to verify reforms due to security concerns; and
➡️ Venezuela’s oversight of non-profit organisations (NPOs) remains a key concern.
✅Firms should review their country risk rating lists, reflecting the latest FATF updates to ensure controls are proportionate to evolving geographic ML/TF risks.
💡Plenitude’s Compass delivers transparent, data-driven country risk assessments, helping firm's strengthen financial crime compliance through dynamic, regularly updated insights.
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