FATF: updated list of jurisdictions under increased monitoring

Financial institutions of Latvia and other reporting entities under the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing must take geographical risks into account, among other things, when developing internal control systems and conducting customer due diligence. The assessment of geographical risks is an essential factor in protecting not only Latvia’s financial system but also the international financial system from money laundering, terrorist financing and proliferation financing risks associated with specific countries and territories.

FATF includes jurisdictions with strategic deficiencies in their anti-money laundering, counter-terrorist financing and counter-proliferation financing systems on its list of jurisdictions under increased monitoring. These jurisdictions have committed to working with FATF to address the identified deficiencies within agreed timeframes. In the case of high-risk jurisdictions, FATF calls for enhanced customer due diligence measures and, in the most serious cases, countermeasures to protect the international financial system.

The jurisdictions currently under increased monitoring by FATF are Angola, Bolivia, Bosnia and Herzegovina, Cameroon, Haiti, Iraq, Kenya, Kuwait, Lao People's Democratic Republic, Lebanon, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, the Virgin Islands (UK) and Yemen.

For a more detailed list of high-risk jurisdictions and jurisdictions under increased monitoring, please visit the FIU Latvia website: https://fid.gov.lv/en/roles-and-responsibilities/high-risk-countries

Learn more about the FATF list of jurisdictions under increased monitoring: https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-october-2026.html

The FATF (Financial Action Task Force) is an international organisation that sets and monitors standards for the prevention of money laundering, terrorist financing and proliferation financing (AML/CFT/CPF).