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FATF flags Cameroon, Croatia, Vietnam on AML/CFT watchlist
By 
Kyle Brasseur2023-06-23T18:49:00
The Financial Action Task Force (FATF) added Cameroon, Croatia, and Vietnam as part of the latest updates to its so-called “grey list” of jurisdictions under increased monitoring for money laundering, terrorist financing, and proliferation financing.
The designations, announced in a press release Friday, bring to 26 the list of countries working with the global money laundering and terrorism financing watchdog to resolve deficiencies identified in their anti-financial crime regimes.
“The FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions,” the organization said, instead suggesting its members apply a risk-based approach in their dealings in the regions.
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