On 2 September 2019, the Financial Action Task Force issued a public statement endorsing its blacklisting of Iran and the Democratic People’s Republic of Korea.

The BVI Financial Services Commission advises the public, including all regulated and other persons who are required to comply with the requirements of the Anti-Money Laundering Regulations to note the concerns stated by the FATF with respect to the named jurisdictions and consider the money laundering and terrorist financing risks related and apply appropriate customer due diligence measures.

The FATF continues to identify additional jurisdictions, on an ongoing basis, that pose a risk to the international financial system.

FATF’s press release can be found here.