Below are the key updates on jurisdictions under increased monitoring and high-risk jurisdictions:

• Philippines removed
  The Philippines has successfully strengthened its AML/CFT framework and is no longer under FATF's increased monitoring.
• Nepal and Lao PDR added
  These countries are now monitored as they address deficiencies in their AML/CFT systems.
• High-risk jurisdictions
  The FATF calls for countermeasures against Democratic People's Republic of Korea and Iran for their failure to address systemic risks, while Myanmarremains under scrutiny, requiring enhanced due diligence.

The FATF’s updates highlight ongoing efforts to strengthen global financial integrity, urging member states to balance rigorous compliance with the unimpeded flow of legitimate humanitarian and financial activities. These measures ensure a risk-based approach while minimising disruptions to non-profit operations, remittances, and relief efforts.

These developments underscore the critical need for concerted global efforts in combating financial crimes. Institutions operating in affected jurisdictions must remain informed and compliant, ensuring robust risk management strategies in line with international standards.

FATF publications can be accessed here and here.