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Sanctions and regulations – monitoring risk

Operations Directors should ensure that continuous monitoring programs are in place to keep up to date on the latest sanctions and other regulations.

Updates from the FATF in March 2022

The Financial Action Task Force (FATF), the global group that sets international anti-money laundering and counter-terrorism financing standards, regularly publishes updates, such as those published in March 2022, which inform about jurisdictions that may pose a risk to the international financial system:

High-Risk Jurisdictions subject to a Call for Action – March 2022 – notes that the 21 February 2020 call for action in relation to the Democratic People’s Republic of Korea and Iran remains in effect
Jurisdictions under Increased Monitoring – March 2022 – lists jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorism financing regimes and are actively working with the FATF to address them

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