High Risk
About the High-Risk and Other Monitored Jurisdictions
Global safeguards to combat money laundering and terrorist financing (AML/CFT) are only as strong as the jurisdiction with the weakest measures. Criminals can circumvent weak AML/CFT controls to successfully launder money or to move assets to finance terrorism through the financial system. A key objective of the FINCARR is to continually identify jurisdictions with significant weaknesses in their AML/CFT regimes, and to work with them to address those weaknesses. The FINCARR’s process helps protect the integrity of the international financial system by issuing a public warning about the risks emanating from the identified jurisdictions. These public warnings also put pressure on the identified jurisdictions to address their deficiencies in order to maintain their position in the global economy. Public identification, and the prospect of public identification, encourages countries to swiftly make significant improvements.
High-Risk and Other Monitored Jurisdictions
| Country | Status | Details |
|---|---|---|
| Iran | High-Risk | Iran remains high-risk due to strategic deficiencies in anti-money laundering (AML) and counter-terrorist financing (CFT) measures. |
| North Korea | High-Risk | North Korea is high-risk due to its ongoing failure to implement AML and CFT measures as per FINCARR recommendations. |
| Afghanistan | Other Monitored | Afghanistan is under enhanced monitoring due to deficiencies in the enforcement of AML/CFT regulations. |
| Yemen | Other Monitored | Yemen is under scrutiny for strategic deficiencies in addressing money laundering and terrorist financing threats. |