Paris, 18 October 2013 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and
combating the financing of terrorism (AML/CFT). In order to protect the international financial system from money laundering and financing of
terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic
deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial
system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions.

Iran
Democratic People’s Republic of Korea (DPRK)


Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to
an action plan developed with the FATF to address the deficiencies. The FATF calls on its members to consider the risks arising from the
deficiencies associated with each jurisdiction, as described below.

Algeria
Ecuador
Ethiopia
Indonesia
Kenya
Myanmar
Pakistan
Syria
Tanzania
Turkey
Yemen

Vietnam is now identified in the FATF document, "Improving Global AML/CFT Compliance: On-going Process" due to its progress in largely
addressing its action plan agreed upon with the FATF.

São Tomé and Príncipe was earlier identified in the FATF’s Public Statement. While São Tomé and Príncipe has made recent progress, its
AML/CFT framework still contains a number of strategic deficiencies. Given the small size of this country’s financial sector and its low impact on
the international financial system, however, the FATF decided that São Tomé and Príncipe should continue to work closely with GIABA to
address its remaining AML/CFT deficiencies.

Iran

The FATF remains particularly and exceptionally concerned about Iran’s failure to address the risk of terrorist financing and the serious threat
this poses to the integrity of the international financial system, despite Iran’s previous engagement with the FATF and recent submission of
information.

The FATF reaffirms its call on members and urges all jurisdictions to advise their financial institutions to give special attention to business
relationships and transactions with Iran, including Iranian companies and financial institutions. In addition to enhanced scrutiny, the FATF
reaffirms its 25 February 2009 call on its members and urges all jurisdictions to apply effective counter-measures to protect their financial
sectors from money laundering and financing of terrorism (ML/FT) risks emanating from Iran. The FATF continues to urge jurisdictions to protect
against correspondent relationships being used to bypass or evade counter-measures and risk mitigation practices and to take into account
ML/FT risks when considering requests by Iranian financial institutions to open branches and subsidiaries in their jurisdiction. Due to the
continuing terrorist financing threat emanating from Iran, jurisdictions should consider the steps already taken and possible additional
safeguards or strengthen existing ones.

The FATF urges Iran to immediately and meaningfully address its AML/CFT deficiencies, in particular by criminalising terrorist financing and
effectively implementing suspicious transaction reporting (STR) requirements. If Iran fails to take concrete steps to continue to improve its CFT
regime, the FATF will consider calling on its members and urging all jurisdictions to strengthen counter-measures in February 2014.

Democratic People's Republic of Korea (DPRK)

Since June 2013, the DPRK has continued to engage directly with the FATF and has engaged further with the APG. The FATF urges the DPRK
to enhance its engagement with the FATF to agree on an action plan to address its AML/CFT deficiencies.

The FATF remains concerned by the DPRK’s failure to address the significant deficiencies in its anti-money laundering and combating the
financing of terrorism (AML/CFT) regime and the serious threat this poses to the integrity of the international financial system. The FATF urges
the DPRK to immediately and meaningfully address its AML/CFT deficiencies.

The FATF reaffirms its 25 February 2011 call on its members and urges all jurisdictions to advise their financial institutions to give special
attention to business relationships and transactions with the DPRK, including DPRK companies and financial institutions. In addition to
enhanced scrutiny, the FATF further calls on its members and urges all jurisdictions to apply effective counter-measures to protect their financial
sectors from money laundering and financing of terrorism (ML/FT) risks emanating from the DPRK. Jurisdictions should also protect against
correspondent relationships being used to bypass or evade counter-measures and risk mitigation practices, and take into account ML/FT risks
when considering requests by DPRK financial institutions to open branches and subsidiaries in their jurisdiction.



******************************************
Algeria

Despite Algeria’s high-level political commitment to work with the FATF and MENAFATF to address its strategic AML/CFT deficiencies, Algeria
has not made sufficient progress in implementing its action plan within the established timelines, and certain strategic deficiencies remain.
Algeria should continue to work with the FATF and MENAFATF on implementing its action plan to address these deficiencies, including by: (1)
adequately criminalising terrorist financing; and (2) establishing and implementing an adequate legal framework for identifying, tracing and
freezing terrorist assets. The FATF encourages Algeria to address its deficiencies and continue the process of implementing its action plan.

Ecuador

Ecuador has taken important steps towards improving its AML/CFT regime, including the recent adoption by its National Assembly of
amendments to the criminal code aimed at addressing deficiencies in Ecuador’s criminalisation of money laundering and terrorist financing, and
regime for freezing terrorist assets. These amendments have yet to take effect. However, despite Ecuador’s important progress and high-level
political commitment to work with the FATF and GAFISUD to address its strategic AML/CFT deficiencies, Ecuador has not made sufficient
progress in implementing its action plan within the established timelines, and certain strategic deficiencies remain.  Ecuador should continue to
work on implementing its action plan to address these deficiencies, including by: (1) ensuring adequate criminalisation of money laundering and
terrorist financing; (2) establishing and implementing adequate procedures to identify and freeze terrorist assets; (3) implementing adequate
procedures for the confiscation of funds related to money laundering; and (4) continuing to enhance co-ordination of financial sector
supervision. In particular, Ecuador should move quickly to bring the recent amendments to the criminal code into force before the February
2014 FATF meetings, or the FATF will consider calling on its members to apply counter-measures proportionate to the risks associated with this
jurisdiction at that time.

Ethiopia

Ethiopia has taken steps towards improving its AML/CFT regime. However, despite Ethiopia’s high-level political commitment to work with the
FATF to address its strategic AML/CFT deficiencies, Ethiopia has not made sufficient progress in implementing its action plan within the agreed
timelines, and certain strategic AML/CFT deficiencies remain. Ethiopia should continue to work on implementing its action plan to address these
deficiencies, including by: (1) establishing and implementing an adequate legal framework and procedures to identify and freeze terrorist
assets; and (2) improving customer due diligence measures.  The FATF encourages Ethiopia to address its remaining deficiencies and continue
the process of implementing its action plan.

Indonesia

Indonesia has taken steps towards improving its AML/CFT regime. However, despite Indonesia’s high-level political commitment to work with the
FATF and APG to address its strategic AML/CFT deficiencies, Indonesia has not made sufficient progress in implementing its action plan within
the agreed timelines, and certain key CFT deficiencies remain regarding the establishment and implementation of an adequate legal framework
and procedures for identifying and freezing of terrorist assets. The FATF encourages Indonesia to address these remaining issues, in
compliance with international standards.

Kenya

Kenya has taken steps towards improving its AML/CFT regime, including by parliamentary approval of the Finance Bill, which amends the FT
offence; however, this is still awaiting Presidential assent. Despite Kenya’s high-level political commitment to work with the FATF and ESAAMLG
to address its strategic AML/CFT deficiencies, Kenya has not made sufficient progress in implementing its action plan within the agreed
timelines, and certain strategic AML/CFT deficiencies remain. Kenya should continue to work on implementing its action plan to address these
deficiencies, including by: (1) adequately criminalising terrorist financing; (2) ensuring a fully operational and effectively functioning Financial
Intelligence Unit; (3) establishing and implementing an adequate legal framework for the identification and freezing of terrorist assets; and (4)
implementing an adequate and effective AML/CFT supervisory programme for all financial sectors. The FATF encourages Kenya to address its
remaining deficiencies and continue the process of implementing its action plan.

Myanmar

Myanmar has taken steps towards improving its AML/CFT regime. However, despite Myanmar’s high-level political commitment to work with the
FATF and APG to address its strategic AML/CFT deficiencies, Myanmar has not made sufficient progress in implementing its action plan, and
certain strategic AML/CFT deficiencies remain. Myanmar should continue to work on implementing its action plan to address these deficiencies,
including by: (1) adequately criminalising terrorist financing; (2) establishing and implementing adequate procedures to identify and freeze
terrorist assets; (3) further strengthening the extradition framework in relation to terrorist financing; (4) ensuring a fully operational and
effectively functioning Financial Intelligence Unit; (5) enhancing financial transparency; and (6) strengthening customer due diligence measures.
The FATF encourages Myanmar to address the remaining deficiencies and continue the process of implementing its action plan.

Pakistan

Pakistan has taken substantial steps towards improving its AML/CFT regime, including by issuing a Statutory Regulatory Order that addresses
the definition of terrorism and an Anti-Terrorism Amendment Ordinance to establish procedures for the identification and freezing of terrorist
assets. The FATF commends Pakistan for the issuance of the Anti-Terrorism Amendment Ordinance, which came into force on 12 October 2013
and allows Pakistan to begin implementing its UNSCR 1373 obligations immediately. The FATF encourages Pakistan to begin implementing the
ordinance expeditiously. However, the FATF has concerns regarding the temporary character of this ordinance, which will need to be converted
into permanent legislation through the parliamentary process. The FATF therefore urges Pakistani authorities to take the necessary steps for
swift ratification of the ordinance by its legislature. If Pakistan amends its Anti-Terrorism Act to incorporate the content of the ordinance before
the February 2014 meetings, then the FATF will be able to authorise an on-site visit during its February 2014 meetings to confirm that the
process of implementing the required reforms and actions is underway to address deficiencies previously identified by the FATF.

Syria

Syria has taken steps towards improving its AML/CFT regime, including by promulgating amendments to its AML/CFT Decree in July 2013. The
FATF has not yet assessed these amendments to determine the extent to which they address the issue of providing sufficient legal basis for
implementing the obligations under UNSCR 1373 and implementing adequate procedures for identifying and freezing terrorist assets. The FATF
encourages Syria to address its remaining deficiencies and continue the process of implementing its action plan.

Tanzania

Tanzania has taken steps towards improving its AML/CFT regime. However, despite Tanzania’s high-level political commitment to work with the
FATF and ESAAMLG to address its strategic AML/CFT deficiencies, Tanzania has not made sufficient progress in implementing its action plan
within the agreed timelines, and certain strategic CFT deficiencies remain regarding the establishment and implementation of adequate
procedures to identify and freeze terrorist assets. The FATF encourages Tanzania to address this remaining deficiency and continue the
process of implementing its action plan.

Turkey

Turkey has continued to take steps towards improving its CFT regime, including by issuing a Council of Ministers’ Decree implementing UNSCRs
1267, 1988, and 1989. However, certain concerns remain, and Turkey should take further steps to implement an adequate legal framework for
identifying and freezing terrorist assets under UNSCRs 1267 and 1373. Turkey should also continue to ensure that terrorist financing has been
adequately criminalised. The FATF encourages Turkey to address the remaining strategic deficiencies and continue the process of
implementing its action plan.

Yemen

Yemen has taken significant steps towards improving its AML/CFT regime, including by adopting and bringing into force amendments to its
AML/CFT Law. The FATF has not assessed these amendments due to their very recent nature, and therefore the FATF has not yet determined
the extent to which they address any of the following issues: (1) adequately criminalising money laundering and terrorist financing; (2)
establishing and implementing adequate procedures to identify and freeze terrorist assets. The FATF urges Yemen to address its remaining
deficiencies and continue the process of implementing its action plan.

The FATF and the FATF-style regional bodies (FSRBs) will continue to work with the jurisdictions noted below and to report on the progress
made in addressing the identified deficiencies. The FATF calls on these jurisdictions to complete the implementation of action plans
expeditiously and within the proposed timeframes. The FATF will closely monitor the implementation of these action plans and encourages its
members to consider the information presented below.

Afghanistan
Albania
Angola
Antigua and Barbuda
Argentina
Bangladesh
Cambodia
Cuba
Iraq
Kuwait
Kyrgyzstan
Lao PDR
Namibia
Nepal
Nicaragua
Sudan
Tajikistan
Vietnam
Zimbabwe


Jurisdictions not making sufficient progress
Mongolia
     

Jurisdictions no longer subject to the FATF’s on-going global AML/CFT compliance process

Morocco
Nigeria

                
Afghanistan

In June 2012, Afghanistan made a high-level political commitment to work with the FATF and APG to address its strategic AML/CFT deficiencies.
However, the FATF has determined that certain strategic AML/CFT deficiencies remain. Afghanistan should continue to work on implementing its
action plan to address these deficiencies, including by: (1) adequately criminalising money laundering and terrorist financing; (2) establishing
and implementing an adequate legal framework for identifying, tracing and freezing terrorist assets; (3) implementing an adequate AML/CFT
supervisory and oversight programme for all financial sectors; (4) establishing and implementing adequate procedures for the confiscation of
assets related to money laundering; (5) establishing a fully operational and effectively functioning Financial Intelligence Unit; and (6)
establishing and implementing effective controls for cross-border cash transactions. The FATF encourages Afghanistan to address its
deficiencies and continue the process of implementing its action plan.

Albania

In June 2012, Albania made a high-level political commitment to work with the FATF and MONEYVAL to address its strategic AML/CFT
deficiencies. Since then, Albania has taken steps towards improving its AML/CFT regime, including by parliamentary approval of new legislation
aimed at addressing deficiencies in the regime for freezing terrorist assets. However, the FATF has yet to review the new legislation and certain
strategic AML/CFT deficiencies remain. Albania should continue to work on implementing its action plan to address these deficiencies, including
by: (1) ensuring that the new legislation establishes and implements an adequate legal framework for identifying, tracing and freezing terrorist
assets; and (2) enhancing the framework for international co-operation related to terrorist financing. The FATF encourages Albania to address
its remaining deficiencies and continue the process of implementing its action plan.

Angola

In June 2010 and again in February 2013 in view of its revised action plan, Angola made a high-level political commitment to work with the FATF
to address its strategic AML/CFT deficiencies. However, the FATF has determined that certain strategic AML/CFT deficiencies remain. Angola
should continue to work on addressing these deficiencies, including by: (1) adequately criminalising money laundering and terrorist financing;
(2) establishing and implementing an adequate legal framework for the confiscation of funds related to money laundering and the identification
and freezing of terrorist assets without delay; (3) ensuring an effectively functioning Financial Intelligence Unit; and (4) ensuring that appropriate
laws and procedures are in place to provide mutual legal assistance. The FATF encourages Angola to address its remaining deficiencies and
continue the process of implementing its action plan.

Antigua and Barbuda

Since February 2010, when Antigua and Barbuda made a high-level political commitment to work with the FATF and to address its strategic
AML/CFT deficiencies, Antigua and Barbuda has made significant progress to improve its AML/CFT regime. Antigua and Barbuda has
substantially addressed its action plan, including by: implementing procedures to identify and freeze terrorist assets; addressing secrecy
provisions; and improving the overall supervisory framework for AML/CFT. The FATF will conduct an on-site visit to confirm that the process of
implementing the required reforms and actions is underway to address deficiencies previously identified by the FATF.

Argentina

In June 2011, Argentina made a high-level political commitment to work with the FATF to address its strategic AML/CFT deficiencies. Since June
2013, Argentina has taken steps towards improving its AML/CFT regime, including by issuing new regulations strengthening fit and proper tests
for insurance and securities entities, and the Central Bank’s issuance of a regulation related to sanctions which the FATF will review. However,
the FATF has determined that certain strategic AML/CFT deficiencies remain. Argentina should continue to work on implementing its action plan
to address these deficiencies, including by: (1) addressing the remaining deficiencies with regard to the criminalisation of money laundering and
freezing terrorist-related assets; (2) addressing the remaining issues for the Financial Intelligence Unit and suspicious transaction reporting
requirements; and (3) further enhancing the AML/CFT supervisory programme for all financial sectors. The FATF encourages Argentina to
address its remaining deficiencies and continue the process of implementing its action plan.

Bangladesh

Since October 2010, when Bangladesh made a high-level political commitment to work with the FATF and APG to address its strategic AML/CFT
deficiencies, Bangladesh has made significant progress to improve its AML/CFT regime. Bangladesh has largely addressed its action plan,
including by: adequately criminalising money laundering and terrorist financing; establishing and implementing adequate procedures to identify
and freeze terrorist assets; implementing adequate procedures for the confiscation of funds related to money laundering; ensuring a fully
operational and effectively functioning Financial Intelligence Unit; improving suspicious transaction reporting requirements; and improving
international cooperation. The FATF will conduct an on-site visit to confirm that the process of implementing the required reforms and actions is
underway to address deficiencies previously identified by the FATF.

Cambodia

In June 2011, Cambodia made a high-level political commitment to work with the FATF and APG to address its strategic AML/CFT deficiencies.
Since June 2013, Cambodia has taken steps towards improving its AML/CFT regime, including by strengthening operational functions of its
Financial Intelligence Unit. However, the FATF has determined that certain strategic AML/CFT deficiencies remain. Cambodia should continue to
work on implementing its action plan to address these deficiencies, including by: (1) establishing and implementing adequate procedures to
identify and freeze terrorist assets; (2) ensuring an effectively functioning Financial Intelligence Unit; and (3) establishing and implementing
effective controls for cross-border cash transactions. The FATF encourages Cambodia to address its remaining deficiencies and continue the
process of implementing its action plan.

Cuba

In February 2013, Cuba made a high-level political commitment to work with the FATF and GAFISUD to address its strategic AML/CFT
deficiencies. Since June 2013, Cuba has taken steps towards improving its AML/CFT regime, including by issuing regulations which improve
provisions for customer due diligence and suspicious transaction reporting. Cuba has recently issued instruction 31/2013, aimed at further
detailing the procedures for freezing of terrorist assets.  Due to the recent nature of this instruction, the FATF is currently reviewing it. Cuba has
also constructively engaged with GAFISUD. However, the FATF has determined that certain AML/CFT deficiencies remain. Cuba should continue
to work on implementing its action plan to address these deficiencies, including by: (1) adequately criminalising money laundering and terrorist
financing; (2) establishing and implementing adequate procedures to identify and freeze terrorist assets; (3) ensuring comprehensive customer
due diligence measures and suspicious transaction reporting requirements; (4) ensuring a fully operational and effectively functioning Financial
Intelligence Unit; and (5) ensuring that appropriate laws and procedures are in place with regard to international cooperation and mutual legal
assistance. The FATF encourages Cuba to address its remaining deficiencies and continue the process of implementing its action plan.

Iraq

In October 2013, Iraq made a high-level political commitment to work with the FATF and MENAFATF to address its strategic AML/CFT
deficiencies. Iraq will work on implementing its action plan to address these deficiencies, including by: (1) adequately criminalising money
laundering and terrorist financing; (2) establishing and implementing an adequate legal framework for identifying, tracing and freezing terrorist
assets; (3) establishing effective customer due diligence measures; (4) establishing a fully operational and effectively functioning Financial
Intelligence Unit; (5) establishing suspicious transaction reporting requirements; and (6) establishing and implementing an adequate AML/CFT
supervisory and oversight programme for all financial sectors. The FATF encourages Iraq to address its AML/CFT deficiencies by implementing
its action plan.

Kuwait

In June 2012, Kuwait made a high-level political commitment to work with the FATF and MENAFATF to address its strategic AML/CFT
deficiencies. Since June 2013, Kuwait has taken steps towards improving its AML/CFT regime, including by issuing implementing regulations to
the new AML/CFT law, and CDD Instructions by the Central Bank. However, the FATF has determined that certain strategic AML/CFT
deficiencies remain. Kuwait should continue to work on implementing its action plan to address these deficiencies, including by: (1) establishing
and implementing adequate procedures to identify and freeze terrorist assets; (2) ensuring a fully operational and effectively functioning
Financial Intelligence Unit (FIU), in particular addressing the operational autonomy of the FIU; and (3) ensuring an effective regime where the
financial institutions file suspicious transaction reports to the FIU. The FATF encourages Kuwait to address its remaining deficiencies and
continue the process of implementing its action plan.

Kyrgyzstan

In October 2011, Kyrgyzstan made a high-level political commitment to work with the FATF and EAG to address its strategic AML/CFT
deficiencies. Since then, Kyrgyzstan has taken steps towards improving its AML/CFT regime. However, the FATF has determined that certain
strategic AML/CFT deficiencies remain. Kyrgyzstan should continue to work on implementing its action plan to address these deficiencies,
including by addressing the remaining issues in: (1) the criminalisation of money laundering; (2) the framework for freezing terrorist assets; and
(3) the AML/CFT supervisory programme. The FATF encourages Kyrgyzstan to address its remaining deficiencies and continue the process of
implementing its action plan.

Lao PDR

In June 2013, the Lao PDR made a high-level political commitment to work with the FATF and APG to address its strategic AML/CFT
deficiencies. However, the FATF has determined that certain strategic AML/CFT deficiencies remain. The Lao PDR should continue to work on
implementing its action plan to address these deficiencies, including by: (1) adequately criminalising money laundering and terrorist financing;
(2) establishing and implementing adequate procedures for the confiscation of assets related to money laundering; (3) establishing and
implementing an adequate legal framework for identifying, tracing and freezing terrorist assets; (4) establishing a fully operational and
effectively functioning Financial Intelligence Unit; (5) establishing suspicious transaction reporting requirements; (6) implementing an adequate
AML/CFT supervisory and oversight programme for all financial sectors; and (7) establishing and implementing effective controls for cross-
border currency transactions. The FATF encourages the Lao PDR to address its AML/CFT deficiencies continue the process of implementing its
action plan.

Namibia

In June 2011, Namibia made a high-level political commitment to work with the FATF and ESAAMLG to address its strategic AML/CFT
deficiencies. However, the FATF has determined that strategic AML/CFT deficiencies remain. Namibia should continue to work on implementing
its action plan to address these deficiencies, including by: (1) adequately criminalising terrorist financing; and (2) establishing and implementing
adequate procedures to identify and freeze terrorist assets. The FATF encourages Namibia to address its remaining deficiencies and continue
the process of implementing its action plan.

Nepal

Since February 2010, when Nepal made a high-level political commitment to work with the FATF and APG to address its strategic AML/CFT
deficiencies, Nepal has made significant progress to improve its AML/CFT regime. Nepal has largely addressed its action plan, including by:
adequately criminalising money laundering and terrorist financing; establishing and implementing adequate procedures to identify and freeze
terrorist assets; implementing adequate procedures for the confiscation of funds related to money laundering; enacting and implementing
appropriate mutual legal assistance legislation; ensuring a fully operational and effectively functioning Financial Intelligence Unit; and
establishing adequate suspicious transaction reporting obligations for money laundering and terrorist financing. The FATF will conduct an on-
site visit to confirm that the process of implementing the required reforms and actions is underway to address deficiencies previously identified
by the FATF.

Nicaragua

In June 2011, Nicaragua made a high-level political commitment to work with the FATF and CFATF to address its strategic AML/CFT deficiencies.
Since then, Nicaragua has taken steps towards improving its AML/CFT regime, including by issuing Decree 21-2013 regarding the freezing of
terrorist assets and beginning issuing regulations for reporting parties to the FIU. However, the FATF has determined that certain strategic
AML/CFT deficiencies remain. Nicaragua should work with the FATF and CFATF on implementing its action plan to address these deficiencies,
including by: (1) ensuring effective customer due diligence measures and record-keeping requirements, in particular entities not currently
regulated by the supervisory authority; (2) establishing adequate suspicious transaction reporting obligations for money laundering and terrorist
financing; (3) implementing an adequate AML/CFT supervisory programme for all financial sectors; (4) ensuring a fully operational and
effectively functioning Financial Intelligence Unit; and (5) ensuring adequate procedures for identifying and freezing terrorist assets. The FATF
encourages Nicaragua to address its remaining deficiencies and continue the process of implementing its action plan.

Sudan

In February 2010 and again in June 2013 in view of its revised action plan, Sudan made a high-level political commitment to work with the FATF
and MENAFATF to address its strategic AML/CFT deficiencies. However, the FATF has determined that certain strategic AML/CFT deficiencies
remain. Sudan should continue to work on addressing these deficiencies, including by: (1) adequately criminalising money laundering and
terrorist financing; (2) implementing adequate procedures for identifying and freezing terrorist assets; (3) ensuring a fully operational and
effectively functioning Financial Intelligence Unit; (4) ensuring an effective supervisory programme for AML/CFT compliance; (5) improving
customer due diligence measures; (6) ensuring that financial institutions are aware of and comply with their obligations to file suspicious
transaction reports in relation to money laundering and terrorist financing; and (7) ensuring that appropriate laws and procedures are in place
with regard to international cooperation and mutual legal assistance. The FATF encourages Sudan to address its remaining deficiencies and
continue the process of implementing its action plan.

Tajikistan

In June 2011, Tajikistan made a high-level political commitment to work with the FATF and EAG to address its strategic AML/CFT deficiencies.
Since June 2013, Tajikistan has taken steps towards improving its AML/CFT regime, including by issuing a new regulation on the freezing of
terrorist assets. Due to the recent nature of this regulation, the FATF has not yet reviewed it, and certain strategic AML/CFT deficiencies remain.
Tajikistan should continue to work with the FATF and EAG on implementing its action plan to address these deficiencies, including by:  (1)
ensuring adequate procedures for freezing terrorist assets; (2) implementing adequate procedures for the confiscation of funds related to the
full range of money laundering predicate offences; and (3) addressing the remaining issues relating to customer due diligence measures. The
FATF encourages Tajikistan to address its remaining deficiencies and continue the process of implementing its action plan.

Vietnam

Since October 2010, when Vietnam made a high-level political commitment to work with the FATF and APG to address its strategic AML/CFT
deficiencies, Vietnam has made significant progress to improve its AML/CFT regime. Vietnam has largely addressed its action plan, including by:
adequately criminalising money laundering and terrorist financing; establishing and implementing adequate procedures to identify and freeze
terrorist assets; improving the overall supervisory framework; improving and broadening customer due diligence measures and reporting
requirements; and strengthening international co-operation. The FATF will conduct an on-site visit to confirm that the process of implementing
the required reforms and actions is underway to address deficiencies previously identified by the FATF.

Zimbabwe

In June 2011, Zimbabwe made a high-level political commitment to work with the FATF and ESAAMLG to address its strategic AML/CFT
deficiencies. Since June 2013, Zimbabwe has taken steps towards improving its AML/CFT regime, including by issuing new regulations aiming to
implement obligations under UNCSRs 1267 and 1373. The FATF has not yet finalised the review of these regulations. However, the FATF has
determined that certain strategic AML/CFT deficiencies remain. Zimbabwe should continue to work on implementing its action plan to address
these deficiencies, including by: (1) adequately criminalising money laundering and terrorist financing; (2) establishing and implementing
adequate procedures to identify and freeze terrorist assets; (3) ensuring a fully operational and effectively functioning Financial Intelligence
Unit; (4) ensuring that financial institutions are aware of and comply with their obligations to file suspicious transaction reports in relation to
money laundering and the financing of terrorism; and (5) enacting and implementing appropriate mutual legal assistance legislation. The FATF
encourages Zimbabwe to address its remaining deficiencies and continue the process of implementing its action plan.
Jurisdictions not making sufficient progress


The FATF is not yet satisfied that the following jurisdiction has made sufficient progress on its action plan agreed upon with the FATF. The most
significant action plan items and/or the majority of the action plan items have not been addressed. If this jurisdiction does not take sufficient
action to implement significant components of its action plan by February 2014, then the FATF will identify this jurisdiction as being out of
compliance with its agreed action plan and will take the additional step of calling upon its members to consider the risks arising from the
deficiencies associated with the jurisdiction.

Mongolia

The FATF takes note that Mongolia has taken steps towards improving its AML/CFT regime, including by issuing regulations to establish and
implement adequate procedures to identify and freeze terrorist assets. Despite Mongolia’s high-level political commitment to work with the FATF
and APG to address its strategic AML/CFT deficiencies, the FATF is not yet satisfied that Mongolia has made sufficient progress in improving its
AML/CFT regime, and certain strategic AML/CFT deficiencies remain. Mongolia should continue to work on implementing its action plan to
address these deficiencies, including by: (1) adequately criminalising money laundering and terrorist financing; (2) establishing adequate
procedures for the confiscation of funds related to money laundering; and (3) demonstrating effective regulation of money service providers.
The FATF encourages Mongolia to address its remaining deficiencies and continue the process of implementing its action plan.


Jurisdictions no longer subject to the FATF’s on-going global AML/CFT compliance process

Morocco

The FATF welcomes Morocco’s significant progress in improving its AML/CFT regime and notes that Morocco has established the legal and
regulatory framework to meet its commitments in its Action Plan regarding the strategic deficiencies that the FATF had identified in February
2010. Morocco is therefore no longer subject to FATF’s monitoring process under its on-going global AML/CFT compliance process. Morocco
will work with MENAFATF as it continues to address the full range of AML/CFT issues identified in its Mutual Evaluation Report.

Nigeria

The FATF welcomes Nigeria’s significant progress in improving its AML/CFT regime and notes that Nigeria has established the legal and
regulatory framework to meet its commitments in its Action Plan regarding the strategic deficiencies that the FATF had identified in February
2010. Nigeria is therefore no longer subject to FATF’s monitoring process under its on-going global AML/CFT compliance process. Nigeria will
work with GIABA as it continues to address the full range of AML/CFT issues identified in its Mutual Evaluation Report.


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FATF List of Uncooperative Nations / AML/CTF Deficient  -  18 October 2013