The agency responsible for regulating the financial market has presented an updated list of countries that pose high risks in the context of combating the financing of terrorism and the legalization of criminal proceeds (CFT/AML).
Organizations operating in the non-banking financial market are recommended to adopt stricter measures for client verification, as well as to apply other sanctions provided by law regarding transactions with these jurisdictions.
The State Financial Supervision Service emphasizes that updating this list helps reduce risks, increase the transparency of financial transactions, and strengthen the system for combating the legalization of criminal proceeds and the financing of terrorism in the country.
The updated list includes countries and territories that do not sufficiently comply with international standards for combating money laundering and financing terrorism, as well as offshore zones. The basis for including countries in this list was data from the FATF, resolutions of the UN Security Council, lists of offshore zones, and studies by the Basel Institute of Governance.
Below is the list of countries for which measures (sanctions) are being introduced:
Algeria, Anguilla, Angola, Antigua and Barbuda, Aruba, Belize, Bermuda, Bolivia, British Virgin Islands, Venezuela, Gabon, Guinea-Bissau, Libya, Grenada, Democratic Republic of the Congo, Afghanistan, Iran, Yemen, Kenya, Andorra, North Korea, Côte d'Ivoire, Laos, Lebanon, Macau, Mali, Maldives, Monaco, Montserrat, Namibia, Samoa, Nepal, Niue, Cayman Islands, Cook Islands, Labuan, Turks and Caicos, Bulgaria, Vanuatu, Haiti, Iraq, Cameroon, Congo, Mauritius, Marshall Islands, Nauru, Panama, Seychelles, Myanmar, Sudan, Chad, Equatorial Guinea, South Sudan, Saint Vincent and the Grenadines, Saint Lucia, Syria, Vietnam, Somalia, Saint Kitts and Nevis, Central African Republic.
The State Financial Supervision Service emphasizes that for the specified jurisdictions, measures of varying degrees of severity are in effect, including enhanced client verification and additional sanction restrictions, depending on the level of risk and the grounds for their inclusion in the list.
