In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the anti-money laundering and combating the financing of terrorism (AML/CFT) standards, the Financial Action Task Force (FATF) issued a public statement on 22 February 2013, regarding 15 justifications that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.
The FATF also issued a document titled 'Improving Global AML/CFT Compliance: On-going Process' concerning 24 other jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
To view the details, please refer to the below links:
(1)FATF Public Statement 22 February 2013
(2)Improving Global AML/CFT Compliance: On-going process - 22 February 2013