On 25 October 2024, the Financial Action Task Force (FATF) released its updated list of jurisdictions under increased monitoring. This list includes several Middle Eastern and African (MEA) countries within Diligencia's area of expertise, each of which has committed to addressing strategic deficiencies in anti-money laundering (AML), combating the financing of terrorism (CFT) and proliferation financing frameworks.
FATF's increased monitoring: What it means
Jurisdictions under increased monitoring work closely with FATF to improve the effectiveness of their financial regulations. These countries have made high-level political commitments to strengthen their AML/CFT regimes and address any identified vulnerabilities, demonstrating their dedication to meeting FATF’s global standards.
MEA countries on the FATF list
The following MEA countries are currently under increased monitoring by FATF, with each actively working to implement improvements in its financial regulatory systems:
- Algeria
- Angola
- Burkina Faso
- Cameroon
- Côte d'Ivoire
- Democratic Republic of the Congo
- Kenya
- Lebanon
- Mali
- Mozambique
- Namibia
- Nigeria
- South Africa
- South Sudan
- Syria
- Tanzania
- Yemen
These countries have pledged to implement specific measures to enhance the resilience of their financial systems, bolster regulatory oversight, and improve information-sharing across borders to combat financial crime.
For further details on the specific areas each country is focusing on, visit the FATF’s official Jurisdictions Under Increased Monitoring – 25 October 2024 page.
