FATF preliminary report from October 2024: grey list outcomes [+4] added – [-1] removed
27/10/2024
The Financial Action Task Force (FATF), a financial crime watchdog, said on Friday, Oct 25, it has:-
- REMOVED Senegal from its list of countries under increased scrutiny and
- ADDED Algeria, Angola, Ivory Coast and Lebanon.
KEY Points for Each Country:
- Algeria: Made a high-level political commitment to improve its AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) regime. Key actions include enhancing risk-based supervision, improving beneficial ownership information, and strengthening the framework for suspicious transaction reports
- Angola: Committed to enhancing its understanding of money laundering and terrorist financing risks, improving supervision of non-financial entities, and ensuring timely access to beneficial ownership information
- Côte d’Ivoire: Focuses on improving its legal framework and operational capabilities to combat money laundering and terrorist financing. This includes better risk assessment and enhancing the effectiveness of its financial intelligence unit
- Lebanon: Aims to address deficiencies in its AML/CFT regime by improving the transparency of beneficial ownership information and enhancing the effectiveness of its financial sanctions regime
These countries are now working closely with the FATF to implement their action plans and address the identified deficiencies within agreed timeframes.
Source:
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.