On 13 June 2025, the Financial Action Task Force (FATF) released its latest update on High-Risk Jurisdictions subject to a Call for Action, commonly referred to as the FATF “blacklist.” This designation identifies countries with serious and ongoing strategic deficiencies in their regimes to counter money laundering, terrorist financing, and the financing of weapons of mass destruction proliferation.
The FATF continues to call upon all its members and urges all jurisdictions globally to apply enhanced due diligence (EDD) to financial transactions involving these countries. In the most severe cases, jurisdictions are advised to impose counter-measures to safeguard the integrity of the international financial system. These may include increased reporting requirements, limitations on business relationships, or other restrictive measures as deemed appropriate.
As of 13 June 2025, the following jurisdictions remain on the blacklist:
- Democratic People’s Republic of Korea (North Korea)
- Iran
- Myanmar
According to FATF, each of these countries has demonstrated prolonged non-compliance with FATF standards and poses a continued risk to the global financial system. Jurisdictions and financial institutions are advised to monitor the FATF website and national regulatory guidance to ensure full compliance with applicable obligations stemming from these listings.
(Source: https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html)
