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Jurisdictions
under
Monitoring - June 2021

Increased

Jurisdictions under increased monitoring are actively working with the FATF to address
strategic deficiencies in their regimes to counter money laundering, terrorist financing, andproliferation financing. When the FATF places a jurisdiction under increased monitoring, itmeans the country has committed to resolve swiftly the identified strategic deficiencies
within agreed timeframes and is subject to increased monitoring. This list is often externallyreferred to as the “grey list”.
The FATF and FATF-style regional bodies (FSRBs) continue to work with the jurisdictions
below as they report on the progress achieved in addressing their strategic deficiencies. The
FATF calls on these jurisdictions to complete their action plans expeditiously and within theagreed timeframes. The FATF welcomes their commitment and will closely monitor theirprogress. The FATF does not call for the application of enhanced due diligence measures tobe applied to these jurisdictions, but encourages its members and all jurisdictions to take
into account the information presented below in their risk analysis.
The FATF identifies additional jurisdictions, on an on-going basis, that have strategic
deficiencies in their regimes to counter money laundering, terrorist financing, andproliferation financing. A number of jurisdictions have not yet been reviewed by the FATF or
their FSRBs, but will be in due course.
In October 2020, the FATF decided to recommence work, paused due to the COVID-19
pandemic, and to identify new countries with strategic AML/CFT deficiencies and prioritise
the review of listed countries with expired or expiring deadlines of action plan items. The
following countries had their progress reviewed by the FATF since February 2021: Albania,
Barbados, Botswana, Cambodia, Cayman Islands, Ghana, Jamaica, Mauritius, Morocco,
Myanmar, Nicaragua, Pakistan, Panama, Uganda, and Zimbabwe. For these countries,
updated statements are provided below. Burkina Faso and Senegal were given theopportunity and chose to defer reporting due to the pandemic; thus, the statements issued
in February 2021 for these jurisdictions are included below, but they may not necessarilyreflect the most recent status of the jurisdiction’s AML/CFT regime. Following review, the別紙２－１FATF now also identifies Haiti, Malta, Philippines, and South Sudan.
The FATF welcomes the progress made by these countries in combating money launderingand terrorist financing, despite the challenges posed by COVID-19.

Jurisdictions with strategic deficiencies
Albania

Jurisdiction no longer subject toincreased monitoring
Ghana

Barbados
Botswana
Burkina Faso
Cambodia
Cayman Islands
Haiti
Jamaica
Malta
Mauritius
MoroccoMyanmarNicaragua
Pakistan
PanamaPhilippines
SenegalSouth Sudan
Syria
UgandaYemen
Zimbabwe

Albania
Since February 2020, when Albania made a high-level political commitment to work with the
FATF and MONEYVAL to strengthen the effectiveness of its AML/CFT regime, Albania has別紙２－１taken steps towards improving its AML/CFT regime, including by improving theimplementation of targeted financial sanctions through supervisory actions that identify andrectify compliance deficiencies among financial institutions and DNFBPs. Albania should
continue to work on implementing its action plan to address its strategic deficiencies,
including by: (1) finalising a project to reduce the informal, cash-based economy and toregister ownership of all real estate; (2) improving the timely handling of mutual legal
assistance requests; (3) establishing more effective mechanisms to detect and prevent
criminals from owning or controlling DNFBPs, including by strengthening competentauthorities’ powers to apply sanctions; (4) ensuring that accurate and up-to-date legal andbeneficial ownership information is available about companies on a timely basis; (5)increasing the number of prosecutions for ML, especially in cases involving foreign predicate
offences; and (6) demonstrating the continued use of asset seizures and securing final
confiscations for the proceeds of crime, especially assets linked to third-party andprofessional money launderers, as well as indirect proceeds and equivalent value.

Barbados
In February 2020, Barbados made a high-level political commitment to work with the FATF
and CFATF to strengthen the effectiveness of its AML/CFT regime. Barbados should continue
to work on implementing its action plan to address its strategic deficiencies, including by:(1) demonstrating an effective application of risk-based supervision for FIs and DNFBPs;(2) taking appropriate measures to prevent legal persons and arrangements from being
misused for criminal purposes, and ensuring that accurate and up-to-date basic andbeneficial ownership information is available on a timely basis; (3) increasing the capacity of
the FIU to improve the quality of its financial information to further assist law enforcement
authorities in investigating ML or TF; (4) demonstrating that ML investigations andprosecutions are in line with the country’s risk profile and result in sanctions, whenappropriate, and reducing the backlog in completing cases; (5) further pursuing confiscationin ML cases, including by seeking assistance from foreign counterparts.

Botswana
In October 2018, Botswana made a high-level political commitment to work with the FATF
and ESAAMLG to strengthen the effectiveness of its AML/CFT regime. At its June 2021
plenary, the FATF has made the initial determination that Botswana has substantiallycompleted its action plan and warrants an on-site assessment to verify that the別紙２－１

implementation of Botswana’s AML/CFT reforms has begun and is being sustained, and thatthe necessary political commitment remains in place to sustain implementation in the future.
Botswana has made the following key reforms, including by: (1) developing a comprehensive
national AML/CFT strategy and policy informed by national risk assessment results; (2)developing risk-based supervision and monitoring programmes; and (3) improving thedissemination and use of financial intelligence by the FIU and others to identify andinvestigate ML cases. The FATF will continue to monitor the COVID-19 situation and conduct
an on-site visit at the earliest possible date.¥

Burkina Faso
(Statement from February 2021)
In February 2021, Burkina Faso made a high-level political commitment to work with the
FATF and GIABA to strengthen the effectiveness of its AML/CFT regime. Since the completionof its MER in 2019, Burkina Faso has made progress on a number of its MER recommended
actions to improve technical compliance and effectiveness, including by adopting a national
AML/CFT strategy in December 2020. Burkina Faso will work to implement its action plan,
including by: (1) adopting and implementing follow-up mechanisms for monitoring actionsin the national strategy; (2) seeking MLA and other forms of international cooperation in linewith its risk profile; (3) strengthening of resource capacities of all AML/CFT supervisory
authorities and implementing risk based supervision of FIs and DNFBPs; (4) maintaining
comprehensive and updated basic and beneficial ownership information and strengthening
the system of sanctions for violations of transparency obligations; (5) increasing the diversityof STR reporting; (6) enhancing FIU’s human resources through additional hiring, training
and budget; (7) conduct training for LEAs, prosecutors and other relevant authorities; (8)demonstrating that authorities are pursuing confiscation as a policy objective; (9) enhancing
capacity and support for LEAs and prosecutorial authorities involved in combatting TF, in linewith the TF National Strategy; and (10) implementing an effective targeted financial
sanctions regime related to terrorist financing and proliferation financing as well as riskbased monitoring and supervision of NPOs.

Cambodia
In February 2019, Cambodia made a high-level political commitment to work with the FATF
and APG to strengthen the effectiveness of its AML/CFT regime and address any related
technical deficiencies. Cambodia should take urgent action to fully address remaining別紙２－１

measures in its action plan as all timelines have already expired. Cambodia should continue
to work on implementing its action plan to address its strategic deficiencies, including by:(1) ensuring prompt, proportionate and dissuasive enforcement actions are applied to banks,
as appropriate for AML/CFT breaches; (2) enhancing disseminations of financial intelligenceto law enforcement authorities in connection with high-risk crimes; (3) demonstrating an
increase in ML investigations and prosecutions in line with risk; (4) demonstrating an
increase in the freezing and confiscation of criminal proceeds, instrumentalities, andproperty of equivalent value; (5) raising awareness amongst the private sector of new
obligations concerning targeted financial sanctions related to proliferation financing andenhancing the understanding of sanctions evasion.
The FATF notes Cambodia’s continued progress across its action plan; however, all deadlines
have now expired and significant work remains. The FATF strongly urges Cambodia to swiftly
complete its full action plan and address the above-mentioned strategic deficiencies.

The Cayman Islands
Since February 2021, when the Cayman Islands made a high-level political commitment towork with the FATF and CFATF to strengthen the effectiveness of its AML/CFT regime, theCayman Islands has taken steps towards improving its AML/CFT regime, including byapplying sanctions that are effective, proportionate and dissuasive, and taking
administrative penalties and enforcement actions against obliged entities to ensure that
AML/CFT breaches are remediated. The Cayman Islands should continue to work on
implementing its action plan to address its strategic deficiencies, including by: (1) imposing
adequate and effective sanctions in cases where relevant parties (including legal persons)do not file accurate, adequate and up-to-date beneficial ownership information in line withthose requirements; and (2) demonstrating that they are prosecuting all types of money
laundering in line with the jurisdiction’s risk profile and that such prosecutions are resulting
in the application of dissuasive, effective, and proportionate sanctions.

Haiti
In June 2021, Haiti made a high-level political commitment to work with the FATF and CFATF
to strengthen the effectiveness of its AML/CFT regime. Haiti will work to implement its action
plan, including by: (1) developing its ML/TF risk assessment process and disseminating thefindings; (2) facilitating information sharing with relevant foreign counterparts; (3)別紙２－１addressing the technical deficiencies in its legal and regulatory framework that impede theimplementation of AML/CFT preventive measures and implementing risk-based AML/CFT
supervision for all financial institutions and DNFBPs deemed to constitutea higher ML/TF

risk; (4) ensuring basic and beneficial ownership information are maintained and accessible
in a timely manner; (5) ensuring a better use of financial intelligence and other relevant
information by competent authorities for combatting ML and TF; (6) addressing the technicaldeficiencies in its ML offence and demonstrating authorities are identifying, investigating
and prosecuting ML cases in a manner consistent with Haiti’s risk profile; (7) demonstrating
an increase of identification, tracing and recovery of proceeds of crimes; (8) addressing thetechnical deficiencies in its TF offence and targeted financial sanctions regime; (9)conducting appropriate risk-based monitoring of NPOs vulnerable to TF abuse without
disrupting or discouraging legitimate NPO activities.

Jamaica
Since February 2020, when Jamaica made a high-level political commitment to work with
the FATF and CFATF to strengthen the effectiveness of its AML/CFT regime, Jamaica has taken
steps towards improving its AML/CFT regime, including by implementing targeted financial
sanctions for TF without delay. Jamaica should continue to work on implementing its action
plan to address its strategic deficiencies, including by: (1) developing a more comprehensive
understanding of its ML/TF risks; (2) including all FIs and DNFBPs in the AML/CFT regime andensuring adequate, risk- based supervision in all sectors; (3) taking appropriate measures toprevent legal persons and arrangements from being misused for criminal purposes, andensuring that accurate and up-to-date basic and beneficial ownership information isavailable on a timely basis; (4) taking proper measures to increase the use of financial
intelligence and to increase ML investigations and prosecutions, in line with the country’s
risk profile; and (5) implementing a risk-based approach for supervision of the NPO sector
to prevent abuse for TF purposes.

Malta
In June 2021, Malta made a high-level political commitment to work with the FATF and
MONEYVAL to strengthen the effectiveness of its AML/CFT regime. Since the adoption of its
MER in July 2019, Malta has made progress on a number of the MER’s recommended actions
to improve its system, such as: strengthening the risk-based approach to FI and DNFBP
supervision; improving the analytical process for financial intelligence; resourcing the police別紙２－１and empowering prosecutors to investigate and charge complex money laundering in linewith Malta’s risk profile; introducing a national confiscation policy as well as passing a nonconviction based confiscation law; raising sanctions available for the crime of TF andcapability to investigate cross-border cash movements for potential TF activity; andincreasing outreach and immediate communication to reporting entities on targetedfinancial sanctions and improving the TF risk understanding of the NPO sector. Malta will
work to implement its FATF action plan by (1) continuing to demonstrate that beneficial
ownership information is accurate and that, where appropriate, effective, proportionate,
and dissuasive sanctions, commensurate with the ML/TF risks, are applied to legal persons
if information provided is found to be inaccurate; and ensuring that effective, proportionate,
and dissuasive sanctions are applied to gatekeepers when they do not comply with their
obligations to obtain accurate and up-to-date beneficial ownership information; (2)enhancing the use of the FIU’s financial intelligence to support authorities pursuing criminal
tax and related money laundering cases, including by clarifying the roles and responsibilitiesof the Commissioner for Revenue and the FIU; and (3) increasing the focus of the FIU’s
analysis on these types of offences, to produce intelligence that helps Maltese law
enforcement detect and investigate cases in line with Malta’s identified ML risks related totax evasion.

Mauritius
In February 2020, Mauritius made a high-level political commitment to work with the FATF
and ESAAMLG to strengthen the effectiveness of its AML/CFT regime. At its June 2021
Plenary, the FATF has made the initial determination that Mauritius has substantiallycompleted its action plan and warrants an on-site assessment to verify that theimplementation of Mauritius’s AML/CFT reforms has begun and is being sustained, and thatthe necessary political commitment remains in place to sustain implementation in the future.
Mauritius has made the following key reforms, including by: (1) conducting outreach topromote understanding of ML and TF risks and obligations; (2) developing risk-based
supervision plans effectively for the Financial Services Commission; (3) ensuring access toaccurate basic and beneficial ownership information by competent authorities in a timely
manner; and (4) providing training for law enforcement authorities to ensure that they havethe capability to conduct money laundering investigations. The FATF will continue to monitor
the COVID-19 situation and conduct an on-site visit at the earliest possible date.

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MoroccoIn February 2021, Morocco made a high-level political commitment to work with the FATF
and MENAFATF to strengthen the effectiveness of its AML/CFT regime. Morocco should
continue to work to implement its action plan to address its strategic deficiencies, includingby: (1) demonstrating effective implementation of the case management system to provide
timely responses and prioritisation of MLA requests in line with the country’s risk profile; (2)improving risk-based supervision and taking remedial actions and applying effective,
proportionate and dissuasive sanctions for non-compliance; (3) ensuring that beneficial
ownership information is adequate, accurate and verified, including information of legal
persons and foreign legal arrangements; (4) increasing the diversity of STR reporting; (5)providing FIU with adequate financial and human resources to enhance analyticalcapabilities in order to fulfil its core mandate of operational and strategic analysis; (6)prioritising the identification, investigation and prosecution of all types of ML in accordancewith the country’s risks; (7) building capacity of LEAs, prosecutors, and other relevant
authorities to conduct parallel financial investigations, use financial intelligence, seize assets,
and seek/provide MLA; and (8) monitoring and effectively supervising the compliance of FIs
and DNFBPs with targeted financial sanctions obligations.

Myanmar
In February 2020, Myanmar made a high-level political commitment to work with the FATF
and APG to strengthen the effectiveness of its AML/CFT regime and address any related
technical deficiencies. Myanmar should continue to work on implementing its action plan toaddress its strategic deficiencies, including by: (1) demonstrating an improved
understanding of ML risks in key areas; (2) demonstrating that onsite/offsite inspections arerisk-based, and hundi operators are registered and supervised; (3) demonstrating enhanced
use of financial intelligence in LEA investigations, and increasing operational analysis anddisseminations by the FIU; (4) ensuring that ML is investigated/prosecuted in line with risks;(5) demonstrating investigation of transnational ML cases with international cooperation;(6) demonstrating an increase in the freezing/seizing and confiscation of criminal proceeds,
instrumentalities, and/or property of equivalent value; (7) managing seized assets topreserve the value of seized goods until confiscation; and (8) demonstrating implementationof targeted financial sanctions related to PF, including training on sanctions evasion.

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Nicaragua
Since February 2020, when Nicaragua made a high-level political commitment to work with
the FATF and GAFILAT to strengthen the effectiveness of its AML/CFT regime, Nicaragua hastaken steps towards improving its AML/CFT regime, including by updating its national risk
assessment on ML/TF. Nicaragua should continue to work on implementing its action plan
to address its strategic deficiencies, including by: (1) disseminating the outcomes of its
ML/TF risk understanding to competent authorities and relevant private sector entities; (2)conducting effective, risk-based supervision; (2) taking appropriate measures to prevent
legal persons and arrangements from being misused for criminal purposes.

Pakistan
Since June 2018, when Pakistan made a high-level political commitment to work with the
FATF and APG to strengthen its AML/CFT regime and to address its strategic counter terrorist
financing-related deficiencies, Pakistan’s continued political commitment has led tosignificant progress across a comprehensive CFT action plan. The FATF recognizes Pakistan’s
progress and efforts to address these CFT action plan items and notes that since February
2021, Pakistan has made progress to complete two of the three remaining action items on
demonstrating that effective, proportionate and dissuasive sanctions are imposed for TF
convictions and that Pakistan’s targeted financial sanctions regime was being usedeffectively to targeted terrorist assets. Pakistan has now completed 26 of the 27 action items
in its 2018 action plan. The FATF encourages Pakistan to continue to make progress toaddress as soon as possible the one remaining CFT-related item by demonstrating that TF
investigations and prosecutions target senior leaders and commanders of UN designatedterrorist groups.
In response to additional deficiencies later identified in Pakistan’s 2019 APG Mutual
Evaluation Report (MER), Pakistan has made progress to address a number of therecommended actions in the MER and provided further high-level commitment in June 2021
to address these strategic deficiencies pursuant to a new action plan that primarily focuseson combating money laundering. Pakistan should continue to work to address its
strategically important AML/CFT deficiencies, namely by: (1) enhancing international
cooperation by amending the MLA law; (2) demonstrating that assistance is being soughtfrom foreign countries in implementing UNSCR 1373 designations; (3) demonstrating thatsupervisors are conducting both on-site and off-site supervision commensurate with specific別紙２－１risks associated with DNFBPs, including applying appropriate sanctions where necessary; (4)demonstrating that proportionate and dissuasive sanctions are applied consistently to alllegal persons and legal arrangements for non-compliance with beneficial ownership
requirements; (5) demonstrating an increase in ML investigations and prosecutions and thatproceeds of crime continue to be restrained and confiscated in line with Pakistan’s risk
profile, including working with foreign counterparts to trace, freeze, and confiscate assets;and (6) demonstrating that DNFBPs are being monitored for compliance with proliferation
financing requirements and that sanctions are being imposed for non-compliance.

PanamaSince June 2019, when Panama made a high-level political commitment to work with the
FATF and GAFILAT to strengthen the effectiveness of its AML/CFT regime, Panama has taken
steps towards improving its AML/CFT regime, including by taking actions to identify
unlicensed money remitters and increasing the use of FIU products to initiate or further ML
investigations. However, Panama should take urgent action to fully address remaining
measures in its action plan as all timelines have already expired. Panama should therefore
continue to work on implementing its action plan to address its strategic deficiencies,
including by: (1) strengthening its understanding of the ML/TF risk of legal persons, as partof the corporate sector and informing findings to its national policies to mitigate theidentified risks; (2) applying a risk-based approach to supervision of the DNFBP sector andensuring effective, proportionate, and dissuasive sanctions again AML/CFT violations; (3)ensuring adequate verification, of up-to-date beneficial ownership information by obliged
entities and timely access by competent authorities, establishing an effective mechanisms
to monitor the activities of offshore entities, assessing the existing risks of misuse of legal
persons and arrangements to define and implement specific measures to prevent the misuseof nominee shareholders and directors; and (4) demonstrating its ability to investigate andprosecute ML involving foreign tax crimes and continuing to provide constructive and timely
international cooperation for such offences, and continuing to focus on ML investigations inrelation to high-risk areas.
The FATF notes Panama’s continued progress across its action plan; however, all deadlines
have now expired and significant work remains. The FATF therefore strongly urges Panama
to swiftly complete its full action plan and address the above-mentioned strategic
deficiencies.

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Philippines
In June 2021, the Philippines made a high-level political commitment to work with the FATF
and APG to strengthen the effectiveness of its AML/CFT regime. Since the completion of its
MER in 2019, the Philippines has made progress on a number of its MER recommended
actions to improve technical compliance and effectiveness, including by addressing technicaldeficiencies on targeted financial sanctions. The Philippines will work to implement its action
plan, including by: (1) demonstrating that effective risk-based supervision of DNFBPs isoccurring; (2) demonstrating that supervisors are using AML/CFT controls to mitigate risks
associated with casino junkets; (3) implementing the new registration requirements for
MVTS and applying sanctions to unregistered and illegal remittance operators; (4) enhancing
and streamlining LEA access to BO information and taking steps to ensure that BO
information is accurate and up-to-date; (5) demonstrating an increase in the use of financial
intelligence and an increase in ML investigations and prosecutions in line with risk; (6)demonstrating an increase in the identification, investigation and prosecution of TF cases;(7) demonstrating that appropriate measures are taken with respect to the NPO sector(including unregistered NPOs) without disrupting legitimate NPO activity; and (8) enhancing
the effectiveness of the targeted financial sanctions framework for both TF and PF.

Senegal(Statement from February 2021)
In February 2021, Senegal made a high-level political commitment to work with the FATF
and GIABA to strengthen the effectiveness of its AML/CFT regime. Since the completion ofits MER in 2018, Senegal has made progress on a number of its MER recommended actions
to improve technical compliance and effectiveness, including by adopting a National Strategy
for AML/CFT and an Operational Plan to implement the Strategy. Senegal will work to
implement its action plan, including by: (1) ensuring consistent understanding of ML/TF risks(in particular related to the DNFBP sector) across relevant authorities through training andoutreach; (2) seeking MLA and other forms of international cooperation in line with its risk
profile; (3) ensure that Financial Institutions and DNFBPs are subject to adequate andeffective supervision; (4) updating and maintaining comprehensive beneficial ownership
information and strengthening the system of sanctions for violations of transparency
obligations; (5) continuing to enhance the FIU’s human resources to ensure that it maintains
effective operational analysis capacities; (6) demonstrate that efforts aimed at strengthening
detection mechanisms and reinforcing the capability to conduct ML/predicate offences

別紙２－１

investigations and prosecutions activities are sustained consistently in line with the Senegal’s
risk profile; (7) establishing comprehensive and standardised policies and procedures for
identifying, tracing, seizing and confiscating proceeds and instrumentalities of crime in linewith its risk profile; (8) strengthening the authorities understanding of TF risks andenhancing capacity and support for LEAs and prosecutorial authorities involved in TF in linewith the 2019 TF National Strategy; and (9) implementing an effective targeted financial
sanctions regime related to terrorist financing and proliferation financing as well as riskbased monitoring and supervision of NPOs.

South Sudan
In June 2021, South Sudan made a high-level political commitment to work with the FATF tostrengthen the effectiveness of its AML/CFT regime. South Sudan will work to implement its
action plan, including by: (1) applying and engaging with ESAAMLG for membership andcommitting to undergo a mutual evaluation by ESAAMLG or other assessment body; (2)conducting a comprehensive review of the AML/CFT Act (2012), with the support ofinternational partners, including technical assistance, to comply with the FATF Standards; (3)designating an authority/authorities in charge of coordinating the national ML/TF risks
assessments; (4) becoming a party to and implementing the 1988 Vienna Convention, the2000 Palermo Convention, and the 1999 Terrorist Financing Convention; (5) competentauthorities should be suitably structured and capacitated to implement a risk-based
approach to AML/CFT supervision for financial institutions; (6) developing a comprehensive
legal framework to collect and verify the accuracy of beneficial ownership information forlegal persons; (7) operationalising a fully functioning and independent FIU; (8) establishingand implementing the legal and institutional framework to implement targeted financial
sanctions in compliance with United Nations Security Council Resolutions on terrorism andproliferation financing; and (9) commencing implementation of targeted risk-based
supervision/monitoring of NPOs at risk of TF abuse.

Syria
Since February 2010, when Syria made a high-level political commitment to work with the
FATF and MENAFATF to address its strategic AML/CFT deficiencies, Syria has made progress
to improve its AML/CFT regime. In June 2014, the FATF determined that Syria had
substantially addressed its action plan at a technical level, including by criminalising terrorist
financing and establishing procedures for freezing terrorist assets. While the FATF

別紙２－１determined that Syria has completed its agreed action plan, due to the security situation,
the FATF has been unable to conduct an on-site visit to confirm whether the process of
implementing the required reforms and actions has begun and is being sustained. The FATF
will continue to monitor the situation, and will conduct an on-site visit at the earliest possible
date.

UgandaSince February 2020, when Uganda made a high-level political commitment to work with
the FATF and ESAAMLG to strengthen the effectiveness of its AML/CFT regime, Uganda hastaken some steps towards improving its AML/CFT regime, including by adopting the National
AML/CFT Strategy in September 2020 and completing the ML/TF risk assessment of legal
persons and arrangements. Uganda should continue to work to implement its action plan toaddress its strategic deficiencies, including by: (1) seeking international cooperation in linewith the country’s risk profile; (2) developing and implementing risk-based supervision of FIs
and DNFBPs; (3) ensuring that competent authorities have timely access to accurate basic
and beneficial ownership information for legal entities; (4) demonstrating LEAs and judicial
authorities apply the ML offence consistent with the identified risks; (5) establishing andimplementing policies and procedures for identifying, tracing, seizing and confiscatingproceeds and instrumentalities of crime; (6) demonstrating that LEAs conduct TF
investigations and pursue prosecutions commensurate with Uganda’s TF risk profile; (7)addressing the technical deficiencies in the legal framework to implement PF-related
targeted financial sanctions and implementing a risk-based approach for supervision of its
NPO sector to prevent TF abuse. The FATF is monitoring Uganda’s oversight of the NPO sector.
Uganda is urged to apply the risk-based approach to supervision of NPOs in line with the
FATF Standards.

Yemen
Since February 2010, when Yemen made a high-level political commitment to work with the
FATF and MENAFATF to address its strategic AML/CFT deficiencies, Yemen has made progress
to improve its AML/CFT regime. In June 2014, the FATF determined that Yemen had
substantially addressed its action plan at a technical level, including by: (1) adequately
criminalising money laundering and terrorist financing; (2) establishing procedures to
identify and freeze terrorist assets; (3) improving its customer due diligence and suspicioustransaction reporting requirements; (4) issuing guidance; (5) developing the monitoring and別紙２－１supervisory capacity of the financial sector supervisory authorities and the financial
intelligence unit; and (6) establishing a fully operational and effectively functioning financial
intelligence unit. While the FATF determined that Yemen has completed its agreed action
plan, due to the security situation, the FATF has been unable to conduct an on-site visit toconfirm whether the process of implementing the required reforms and actions has begun
and is being sustained. The FATF will continue to monitor the situation, and conduct an onsite visit at the earliest possible date.

Zimbabwe
Since October 2019, when Zimbabwe made a high-level political commitment to work with
the FATF and ESAAMLG to strengthen the effectiveness of its AML/CFT regime and address
any related technical deficiencies, Zimbabwe has taken steps towards improving its AML/CFT
regime, including by developing risk-based supervision manuals for financial institutions andhigher-risk DNFBPs in line with the newly identified risks. Zimbabwe should continue to workon implementing its action plan, including by: (1) implementing risk-based supervision for
FIs and DNFBPs including through capacity building among the supervisory authority; (2)ensuring development of adequate risk mitigation measures among FIs and DNFBPs,
including by applying proportionate and dissuasive sanctions to breaches; (3) creating
mechanisms to ensure that competent authorities have access to timely and up-to-date
beneficial ownership information; and (4) addressing remaining gaps in the PF-related
targeted financial sanctions framework and demonstrating implementation.

Jurisdiction No Longer Subject to Increased
Monitoring by the FATF
Ghana
The FATF welcomes Ghana’s significant progress in improving its AML/CFT regime. Ghana
has strengthened the effectiveness of its AML/CFT regime and addressed related technicaldeficiencies to meet the commitments in its action plan regarding the strategic deficiencies
that the FATF identified in October 2018. Ghana is therefore no longer subject to the FATF’s
increased monitoring process. Ghana will continue to work with GIABA to improve further
its AML/CFT regime.