The FATF identifies these nations as posing a significant risk to the international financial system because of persistent failures to address illicit financial activity

xParis: The Financial Action Task Force (FATF), the global watchdog against terror financing and money laundering, has continued to list North Korea (DPRK), Iran, and Myanmar on its blacklist as “high-risk jurisdictions subject to a Call for Action” due to severe deficiencies in their anti-money laundering and counter-terrorist financing (AML/CFT) regimes.

The FATF identifies these nations as posing a significant risk to the international financial system because of persistent failures to address illicit financial activity. The FATF regularly revises its list, but North Korea, Iran, and Myanmar have all remained on it.

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