It is hereby notified for general information that on 30th June 2020, the Financial Action Taskforce (FATF) issued a public statement with respect to the public statement on 28 April 2020 to which the FATF decided on a general pause in the review process for the list of high-risk jurisdictions subject to a call for action. FATF further advised to refer to the list of High-Risk Jurisdictions subject to a Call for Action adopted in February 2020.
Licensees of the International Financial Services Commission (the “Commission”) should take account of this notice when reviewing their obligations under the Money Laundering and Terrorism (Prevention) Act and in updating their AML/CFT policies and procedures. The attention of all licensees of the Commission is called to the FATF Public Statement – June 2020.
INTERNATIONAL FINANCIAL SERVICES COMMISSION
10th December 2020