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The FATF (Financial Action Task Force) has added Monaco and Venezuela to the so-called grey list, a list of jurisdictions subject to increased monitoring by the organization; Russia’s status remains unchanged – its membership in the organization is suspended.
The group’s meeting was held in Singapore from June 26 to 28, Interfax reported.
The FATF report explains that placing a jurisdiction under enhanced monitoring means a country commits to quickly address its identified strategic deficiencies within an agreed timeframe.
Meanwhile, Jamaica and Turkey were removed from the “grey list”, which now includes 21 jurisdictions: Bulgaria, Burkina Faso, Vietnam, Venezuela, Haiti, Democratic Republic of Congo, Yemen, Cameroon, Kenya, Mali, Mozambique, Monaco, Namibia, Nigeria, Senegal, South Sudan, Syria, Tanzania, Philippines, Croatia, South Africa.
The FATF kept unchanged its list of high-risk jurisdictions, the so-called blacklist, which includes North Korea, Iran and Myanmar.
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