Anti-Money Laundering Newsletter – July 2021 | Risk jurisdictions in relation to AML/TF
Ghana removed from the list of high risk jurisdictions for AML/CFT purposes
The Financial Action Task Force (FATF) has updated its list of countries placed under increased monitoring due to their strategic deficiencies in countering money laundering and terrorist financing, and taken Ghana off the list from June. The FATF cites Ghana’s “significant progress” in improving its AML/CFT regime.
With this decision, the country leaves the group of 21 high-risk countries it originally joined in October 2018. The FATF noted that, during that time, Ghana strengthened its prevention mechanisms and committed to fulfilling the objectives set out in its action plan.