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FATF incentivizes stricter regulations through its public noncomplier list, which leads financial institutions to shift resources and services away from the countries on the blacklist. This in turn motivates domestic economic and political actors in the listed countries to pressure their governments to introduce regulations that are compliant ...
In addition to FATF's "Forty plus Nine" Recommendations, in 2000 FATF issued a list of "Non-Cooperative Countries or Territories" (NCCTs), commonly called the FATF Blacklist. This was a list of 15 jurisdictions that, for one reason or another, FATF members believed were uncooperative with other jurisdictions in international efforts against ...
A study by Swissaid revealed that 93% of undeclared African gold ended up in the UAE, making it the leading importer of smuggled gold from the continent. A co-author of the report, Marc Ummel said the FATF should reconsider the February 2024 removal of the Emirates from its “grey list”, as the country was illegally importing gold from Africa.
In addition to Vietnam, 10 African countries, including Mozambique and Uganda, are under FATF scrutiny for risks of proliferation funding, according to the public list on the body's website.
In March 2022, in retaliation for sanctions imposed against Russia in response to their invasion of Ukraine, Russia added an additional 48 countries that had imposed sanctions against it to the unfriendly countries list. Creditors from countries on the list who sought to receive payments on debt were required to open a special bank account at a ...
Regarding the implementation of resolution 1267 and the 1988/1989 sanction regimes, FATF has criticized the EU for too slow action regarding enforcement of the UN-listings of asset freezing. According to FATF's recommendations the member countries should implement economic sanctions settled by the UN, without impediment.
More than 50 countries that are home to half the planet's population are due to hold national elections in 2024, but the number of citizens exercising the right to vote is not unalloyed good news.
The following is a list of the major existing intergovernmental organizations (IGOs). For a more complete listing, see the Yearbook of International Organizations , [ 1 ] which includes 25,000 international non-governmental organizations (INGOs), excluding for-profit enterprises, about 5,000 IGOs, and lists dormant and dead organizations as ...