Key changes:
• Kuwait has been added to the list of jurisdictions under increased monitoring.
• Papua New Guinea is also newly included.

The FATF reiterates that financial institutions and DNFBPs must apply:
• Enhanced customer due diligence (EDD)
• Increased transaction monitoring
• Enhanced reporting obligations
• Proportionate countermeasures where required

What this signals for institutions:
• Heightened cross-border transaction scrutiny
• Increased regulatory expectations around sanctions and proliferation financing controls
• Stronger board oversight of high-risk jurisdiction exposure
• Greater emphasis on documented risk assessments and enhanced monitoring frameworks

At Acrion, we continue to support institutions in strengthening AML governance frameworks, risk assessments and regulatory readiness in line with evolving FATF standards.

If you would like to assess your exposure to high-risk jurisdictions or review your enhanced due diligence controls, we would be pleased to connect.

Read the full publication HERE: https://lnkd.in/dUVzteBC