IN TIMELY MANNER MEANING FULL

IN TIMELY MANNER MEANING FULL

Since February 2020, when Albania made a high-level political commitment to work with the FATF and MONEYVAL to strengthen the effectiveness of its AML/CFT regime, Albania has taken steps towards improving its AML/CFT regime, including by enhancing the focus and efforts of law enforcement and prosecutorial authorities on applying the full range of seizure and confiscation measures, particularly in connection with assets linked to third-party money laundering by professionals and gatekeepers. Jurisdiction no longer subject to increased monitoring Jurisdictions with strategic deficiencies The FATF welcomes the progress made by these countries in combating money laundering and terrorist financing, despite the challenges posed by COVID-19. Following review, the FATF now also identifies Gibraltar. The United Arab Emirates chose to defer reporting to focus on its efforts thus, the statement issued in March 2022 for that jurisdiction is included below, but it may not necessarily reflect the most recent status of the jurisdiction’s AML/CFT regime. For these countries, updated statements are provided below. The following countries had their progress reviewed by the FATF since March 2022: Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Jordan, Mali, Malta, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Türkiye, and Uganda. Since the start of the COVID-19 pandemic, the FATF has provided some flexibility to jurisdictions not facing immediate deadlines to report progress on a voluntary basis. A number of jurisdictions have not yet been reviewed by the FATF or their FSRBs, but will be in due course. The FATF identifies additional jurisdictions, on an on-going basis, that have strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. The FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions, but encourages its members and all jurisdictions to take into account the information presented below in their risk analysis. The FATF welcomes their commitment and will closely monitor their progress. The FATF calls on these jurisdictions to complete their action plans expeditiously and within the agreed timeframes. The FATF and FATF-style regional bodies (FSRBs) continue to work with the jurisdictions below as they report on the progress achieved in addressing their strategic deficiencies. This list is often externally referred to as the “grey list”.

When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. Berlin, 17 June 2022 - Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

In timely manner meaning