ACAMS
CAMS · Question #676
When the Financial Action Task Force (FATF) places a jurisdiction on the list of "jurisdictions under increased monitoring", also known as the "grey list", the jurisdiction:
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
When the Financial Action Task Force (FATF) places a jurisdiction on the list of "jurisdictions under increased monitoring", also known as the "grey list", the jurisdiction:
Options
- AHas committed to swiftly resolving the deficiencies identified in a FATF mutual evaluation.
- BPoses a high money laundering, terrorist financing, and proliferation financing risk and must be
- CAccepts to participate in an off-cycle FATF mutual evaluation to be held within the next 12
- DMust pay a fine to be removed from the list before the next FATF plenary.
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Topics
#FATF grey list#increased monitoring#jurisdictional deficiencies#mutual evaluation