List of Jurisdictions under Increased Monitoring
15 March 2023
The Financial Action Task Force (FATF), of which New Zealand is a part, updated its list of Jurisdictions under Increased Monitoring (known as the “grey list”) on 24 February 2023. The additional countries on the list are Nigeria and South Africa, while Cambodia and Morocco have come off the list and so are no longer subject to FATF’s increased monitoring process. The Democratic People’s Republic of Korea and Iran remain on the FATF list of High-Risk Jurisdictions subject to a Call for Action. Myanmar remains a country subject to a call to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction.
For further information, please refer to this Advisory from the Ministry of Justice and the New Zealand Police (police.govt.nz).
