Key points from the circular:

• Awareness and action: Entities must note the FATF's concerns about certain jurisdictions and assess the related risks of money laundering, terrorist financing, and proliferation financing.
• Due diligence: Enhanced due diligence should be applied when dealing with clients or transactions linked to these jurisdictions.
• Enhanced measures: In high-risk cases, entities should implement additional countermeasures to safeguard the international financial system.
• Continuous monitoring: Ongoing monitoring of transactions involving these jurisdictions is essential to adjust due diligence measures as needed.

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