AML/CFT Handbook - Appendix I Update

The Commission has today updated Appendix I of the Handbook as a result of the FATF's announcement that it has added the United Arab Emirates (“UAE”) to its list of jurisdictions under increased monitoring and has removed Zimbabwe. Zimbabwe remains on Appendix I as it is listed by other relevant external sources.

Appendix I lists countries and territories that are identified by relevant external sources as presenting a higher risk of money laundering and/or financing of terrorism. Firms are encouraged to review the updated Appendix I in order to assess the impact that these changes may have on their business, including whether the UAE’s listing should be taken into account as a relevant risk factor when reviewing new and existing business relationships and within its transaction monitoring controls.

The FATF page on High-Risk and Other Monitored Jurisdictions can be found here.

Updated and tracked versions of Appendix I can be found within the Notices, Instructions & Warnings page. An updated version of the Handbook can be found here.