FATF: updated lists with jurisdictions under Increased Monitoring

Financial institutions of Latvia and other reporting entities must take geographical risks into account, among other things, when developing internal control systems and conducting customer due dilligence. The assessment of geographical risks is an essential factor to protect not only the domestic, but also the international financial system from significant risks related to money laundering, terrorism and proliferation financing, which are specific to the identified countries and territories.

If significant deficiencies are found in the anti-money laundering, counter terorism and proliferation financing systems of the countries and they are unable or unwilling to eliminate the identified deficiencies by improving the financial, supervisory and law enforcement system in accordance with international standards, they are included in the list of high-risk or increased monitoring countries with which financial cooperation is difficult, is not recommended or even prohibited.

Currently, the FATF has decided that the increased monitoring jurisdictions are Bulgaria, Burkina Faso, Bolivia, Cameroon, Democratic Republic of Congo, Haiti, Kenya, Lao People's Democratic Republic, Lebanon, Monaco, Mozambique, Namibia, Nepal, Nigeria, South Africa, South Sudan, Sierra, the Virgin Islands (UK) and Yemen.

On 13 June, Bolivia and the Virgin Islands (UK) were added to the list, while Croatia, Mali, and the United Republic of Tanzania were removed.

For a more detailed list of FIU high-risk and Increased Monitoring Jurisdictions, please visit the FIU 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/content/fatf-gafi/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-june-2025.html

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