New list of high risk countries for money laundering, terrorist financing and corruption
FATF – EU – High Risk States – Strategic deficiencies – Money laundering – Terrorist financing – Corruption
Key contact:
Ministerial Order 2022-234 of 6 May 2022 amending Ministerial Order 2021-703 of 8 November 2021, updates the list of States or territories whose anti-money laundering, combating the financing of terrorism or combating corruption systems are strategically deficient (high-risk States or territories) pursuant to Article 14-1 of Act 1.362 of 3 August 2009, in accordance with FATF and EU decisions:
Legend: Supressions Additions
- Afghanistan
- Albania
Bahamas- Barbados
- Botswana
- Burkina Faso
- Cambodia
Ghana- United Arab Emirates
- Haiti
- Cayman Islands
Iraq- Jamaica
- Jordan
- Mali
- Malta
- Morocco
- Myanmar/Burma
- Nicaragua
- Pakistan
- Panama
- Philippines
- Senegal
- South Sudan
- Syria
- Trinidad and Tobago
- Turkey
- Vanuatu
- Yemen
- Zimbabwe
Mauritius
The legal basis for this list is Art. 14-1 of Law 1.362 (created by Law 1.503 of 23 December 2020), which states that:
“States or territories whose anti-money laundering, combating the financing of terrorism or corruption systems present strategic deficiencies that pose a significant threat to the proper functioning of the financial system, shall be considered as high risk States or territories.
The list of these States or territories is determined by ministerial order. This ministerial order is published on the website of the Service d’Information et de Contrôle sur les Circuits Financiers.”
Related texts:
— Delegated Regulation (EU) 2022/229 of 7 January 2022 amending Delegated Regulation (EU) 2016/1675;
— Decision to place the United Arab Emirates on the list of jurisdictions under enhanced scrutiny taken by the Financial Action Task Force (FATF) at its Plenary meeting on 2 March 2022.>> https://www.fatf-gafi.org/publications/fatfgeneral/documents/outcomes-fatf-plenary-march-2022.html