FATF Adds Three Countries to its Black List

21 October 2023

Flags from different countries on pole representing FATF

FATF Adds Three Countries to its Black List

Following their October Plenary, the Financial Action Task Force (FATF) has added Myanmar to the ‘blacklist’, alongside Iran and North Korea

Following their October Plenary, the Financial Action Task Force (FATF) has added Myanmar to the ‘blacklist’, alongside Iran and North Korea. FATF deemed a ‘continued lack of progress’ by the country to address the majority of its action plan items, a year beyond the deadline.

Firms should ensure they conduct appropriate Due Diligence when dealing with a nexus to Myanmar.

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FATF Adds Three Countries to its Black List

21 October 2023

FATF Adds Three Countries to its Black List

Following their October Plenary, the Financial Action Task Force (FATF) has added Myanmar to the ‘blacklist’, alongside Iran and North Korea

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