FATF Statement
 Published Date: 19 March 2010

February 2010 FATF Statement

On 18 February 2010, the Financial Action Task Force (FATF), of which Singapore is a member, issued a statement highlighting the serious deficiencies in  the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the following jurisdictions:

  • Iran
  • Angola
  • Ethiopia
  • Ecuador
  • DPRK
  • Turkmenistan
  • Pakistan
  • Sao Tome & Principe

The text of the FATF statement may be found at: http://www.fatf-gafi.org/dataoecd/34/29/44636171.pdf

Financial institutions are advised to give due consideration to the above FATF public statement and take appropriate action as recommended by the FATF with respect to the individual jurisdictions.
 
FATF has separately issued a second statement on its ongoing process to improve global AML/CFT compliance. This statement provides information on  20 other jurisdictions that have committed to action plans to address deficiencies so as to strengthen their AML/CFT regimes. This second FATF statement can be found at  http://www.fatf-gafi.org/dataoecd/34/28/44636196.pdf