FATF-compliant jurisdiction

FATCA

The term FATF-compliant jurisdiction means a jurisdiction that — (i) Is not subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on­going and substantial money laundering and terrorist financing risks emanating from the jurisdiction; (i) Is not subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on­going and substantial money laundering and terrorist financing risks emanating from the jurisdiction; (ii) Is not a jurisdiction with strategic AML/CFT (anti-money laundering and combating the financing of terrorism) deficiencies that has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the FATF to address the deficiencies; and (iii) Is not a jurisdiction with strategic AML/CFT deficiencies that the FATF has identified as not making sufficient progress on its action plan agreed upon with the FATF.

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