• Added to the list: Kazakhstan, Maldives, Philippines, São Tomé and Príncipe, Timor-Leste.
• Removed from the list: Armenia, Brunei, Brazil, Saint Kitts and Nevis.
• Source updates: Adjustments include additions and removals of specific countries across various risk sources.

Implications for businesses:

• Review and update internal policies, procedures, and customer relationships to align with these changes.
• Exercise caution when relying on entities based in newly listed high-risk jurisdictions.
• Engage with supervisors to address any concerns and implement additional risk mitigation measures if required.

For detailed amendments, refer to the industry update here and the Amendments Log