FATF CONFIRMS STAY OF BLACKLISTING EXECUTION FOR ERRING AML/CFT JURISDICTIONS BECAUSE OF COVID-19
June 2nd, 2020
THE FINANCIAL Action Task Force (FATF) has confirmed high risk AML/CFT jurisdictions on its grey and black-lists have another two months to sort out their AML/CFT weaknesses because of COVID-19 – consideration of further blacklisting and additional measures will be postponed until that deadline.
The stay of execution has been accepted by a FATF plenary staged virtually last week (June 24), again because of the pandemic. The decision will, for instance, give Pakistan more time to avoid FATF sanctions – the country had been facing the risk of black-listing ...
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