The global Financial Action Task Force (FATF) has temporarily paused all remaining mutual evaluations and follow-up deadlines for jurisdictions under scrutiny. Grey-listed jurisdictions subject to increased monitoring are being granted an extra four months, with FATF's planned reviews this coming June being postponed to October 2020.
The European Commission has added 12 jurisdictions to its list of high-risk third countries with strategic deficiencies in their money laundering prevention regimes: the Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe. The extended blacklist is part of a new Commission policy on preventing money laundering and terrorism financing launched today (7 May 2020), subject to a public consultation open until 29 July 2020.