FATF updates on global ML/TF Risk – October 2023

FATF published two updates relating to international ML/TF risk.

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The Reports provide an update on jurisdictions which may pose a risk to the international financial system:

Reporting Entities should be aware of countries that pose a higher risk of ML or TF and use this information to help guide ML/TF risk assessments, compliance programs and decisions about submitting suspicious matter reports to AUSTRAC.

For further information, see AUSTRAC’s guidance on high-risk countries, regions and groups at:

AUSTRAC’s guidance on high-risk countries, regions and groups

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