GE BaFin AML High Risk Countries

On Feb. 15, GE BaFin issued circular on third countries' AML risk.

High Risk Jurisdictions

  • Circular relating to third countries which have strategic deficiencies in their systems to combat money laundering / terrorist financing that pose risks to financial system.

EU Reg 2016/1675

  • Delegated regulation 2016/1675 last amended by delegated regulation 2018/1467.
  • Includes North Korea, Iran, Afghanistan, Ethiopia, Bosnia/Herzegovina, Guyana, Iraq, Yemen, Laos, Pakistan, Sri Lanka, Syria, Trinidad/Tobago, Tunisia, Uganda, Vanuatu.

FATF Declaration

  • Referred to declaration of FATF of Oct. 19, 2018, on Iran, North Korea.

FATF Information Report

  • Referred to FATF information report of Oct. 19, 2018, on countries under surveillance.
  • The country reviews by the FATF / the FATF Regional Groups (FSRBs) have continued to show weaknesses in some countries with regard to the key FATF recommendations.
  • The information report included following jurisdictions: Ethiopia, Bahamas, Botswana, Ghana, Yemen, Pakistan, Serbia, Sri Lanka, Syria, Trinidad and Tobago, and Tunisia.