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 diligence. 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 systems 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.

On 13 February, Kuwait and Papua New Guinea were added to the FATF list of jurisdictions under increased monitoring, while no jurisdictions were removed from the list.

Currently, the FATF has decided that the increased monitoring jurisdictions are Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, Democratic Republic of Congo, Haiti, Kenya, Kuwait, Lao People's Democratic Republic, Lebanon, Monaco, Namibia, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, the Virgin Islands (UK), and Yemen.

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/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-february-2026.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).