Free tools

Sensitive Countries List

FINMA (the Swiss regulator of financial intermediaries) urges all financial intermediaries to incorporate FATF information into their risk management strategies.

FATF, the global body setting standards for combating money laundering, terrorist financing, and proliferation financing, periodically updates its list of countries under scrutiny.

The Money Laundering Ordinance of FINMA stipulates enhanced customer due diligence for business relationships involving elevated risks. These risks are determined by factors such as the residence or domicile of the contracting party or beneficial owner, their nationality, or the source of funds.

During its plenary meeting, FATF updates its announcement regarding high-risk countries and those under increased monitoring.

High-risk countries exhibit significant strategic deficiencies in combating money laundering, terrorism, and proliferation financing. FATF calls upon its members and jurisdictions to apply special due diligence measures to these countries and, in severe cases, to take countermeasures to safeguard the international financial system from associated risks. This list is commonly referred to as the "blacklist."

Countries under increased monitoring are actively collaborating with FATF to address strategic deficiencies in their anti-money laundering, anti-terrorism, and anti-proliferation financing frameworks. When a country is placed under increased monitoring, it commits to rectifying identified deficiencies within agreed deadlines and undergoes heightened scrutiny. This list is commonly referred to as the "grey list."

For further details, please visit: FATF Official Website

You will find here an exhaustive list of all countries, divided by the riskiness of the country and the type of due diligence usually required by financial intermediaries wishing to enter into business relationships with clients in some way connected to these countries.

This list is intended to be helpful both to clients, who when subjected to periodic due diligence by their financial intermediaries often do not understand why, and to financial intermediaries, when they have to consider whether and at what conditons to enter or maintain a business relationship.