North Korea, Iran, and Myanmar continue to remain on FATF's blacklist

Paris [France], October 25 (ANI): The Financial Action Task Force (FATF), the global watchdog against terror financing and money laundering, continued to list North Korea (DPRK), Iran, and Myanmar under blacklist as “high-risk jurisdictions subject to a Call for Action" for 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. The public listing of these countries can incentivise financial institutions to shift resources away from them, in turn pressuring domestic actors to impro