Daily Compliance Brief — FATF Updates Jurisdictions Under Increased Monitoring

June 30, 2026

Signal

The Financial Action Task Force (FATF) published the outcomes of its June 2026 Plenary and updated its list of Jurisdictions under Increased Monitoring. According to the FATF statement issued following the Plenary, Bosnia and Herzegovina and Iraq were added to the list, while Algeria and Namibia were removed after completing their action plans.

The changes alter the global AML/CFT risk landscape by modifying the jurisdictions subject to enhanced monitoring and international scrutiny. FATF's monitoring decisions are widely used by financial institutions to inform country risk assessments, customer due diligence measures, and cross-border control frameworks.

The development reinforces the continued importance of maintaining responsive country risk governance and ensuring that geopolitical and regulatory developments are incorporated promptly into financial crime risk management processes.

Why it matters

Organizations may need to reassess geographic risk exposure, customer portfolios, and correspondent banking relationships that involve affected jurisdictions.

Control environments should ensure that country risk ratings, due diligence requirements, and monitoring scenarios reflect the latest FATF assessments and any resulting changes in risk appetite or escalation requirements.

Governance and reporting mechanisms should evidence how FATF updates are reviewed, implemented, and incorporated into enterprise-wide financial crime risk assessments and ongoing monitoring activities.