FATF PUBLIC STATEMENT 18 February 20

FATF PUBLIC STATEMENT
18 February 2010

The Financial Action Task Force (FATF) is the global standard setting body for anti-
money laundering and combating the financing of terrorism (AML/CFT). In order to
protect the international financial system from ML/FT risks and to encourage greater
compliance with the AML/CFT standards, the FATF identified jurisdictions that have
strategic deficiencies and, along with the FATF-style regional bodies (FSRBs), works
with them to address those deficiencies that pose a risk to the international financial
system. The FATF and the relevant FSRBs will continue to work with the jurisdictions
below and report on their progress in addressing the identified deficiencies.

1. Jurisdictions subject to a FATF call on its members and other jurisdictions to
apply countermeasures to protect the international financial system from the
ongoing and substantial money laundering and terrorist financing (ML/TF)
risks emanating from the jurisdiction1:
Iran


2. Jurisdictions with strategic AML/CFT deficiencies that have not committed to
an action plan developed with the FATF to address key deficiencies as of
February 2010. The FATF calls on its members to consider the risks arising from
the deficiencies associated with each jurisdiction, as described below.

Angola*
Democratic People''s Republic of Korea (DPRK)*
Ecuador
Ethiopia*

* Despite the FATF's efforts, these jurisdictions have not constructively engaged with the
FATF or an FSRB as of February 2010 and have not committed to the international
AML/CFT standards.
3. Jurisdictions previously publicly identified by the FATF as having strategic
AML/CFT deficiencies, which remain to be addressed as of February 20102:
Pakistan
Turkmenistan
São Tomé and Príncipe

1
The FATF has previously issued public statements calling for counter-measures on Iran.
Those statements are updated below.
2
The FATF has previously issued public statements on these jurisdictions. These statements
are updated below.