Canada's OSFI took time out Wednesday to issue a notice going over the global country-specific AML threats, devoting specific sections to Iran, North Korea, the countries designated by FATF and CFATF for having deficiencies. Also singled out are FATF's June 21st pronouncements and its guidance on countering the proliferation of weapons of mass destruction.
FATF-deficiencies:
The FATF has determined that the following countries remain out of compliance with their action plans previously agreed with the FATF to address identified strategic deficiencies: Burma (Myanmar), Ecuador*, Ethiopia, Indonesia, Kenya, Pakistan, São Tomé and Principe, Syria, Tanzania, Turkey, Vietnam and Yemen.
and
The following countries have developed action plans with the FATF to address identified
deficiencies and are demonstrating progress with the execution of those plans: Afghanistan, Albania, Algeria*, Angola, Antigua and Barbuda*, Argentina, Bangladesh, Cambodia, Cuba, Kuwait, Kyrgyzstan, Lao People's Democratic Republic, Mongolia, Morocco, Namibia, Nepal, Nicaragua, Nigeria, Sudan, Tajikistan and Zimbabwe (note).
The FATF is not yet satisfied that Algeria and Antigua & Barbuda are making sufficient progress on their action plans agreed with the FATF. If they do not take sufficient action to implement significant components of their action plans by October 2013, the FATF will identify them as being out of compliance with their action plans, and will take the additional step of calling upon FATF members to consider the risks arising from the deficiencies associated with these countries.
CFATF deficiencies:
Currently, three jurisdictions have been identified by CFATF as posing a risk: Belize, Guyana and Dominica.
Link:
Canadian Iran and DPRK Sanctions
Posted with BlogsyFiled under: Anti-Money Laundering, OSFI Updates
