Notices from the Registrar
Call for Action in Accordance with October 2026 FATF Statement
3 November 2026
Regulated dealers must apply enhanced due diligence for transactions linked to high-risk jurisdictions. Review the latest FATF statements and update your risk assessments accordingly.
Action by regulated dealers against high-risk jurisdictions
Dear Regulated Dealer,
The Registrar of Regulated Dealers hereby notifies all regulated dealers that the Financial Action Task Force (“FATF”) has issued statements dated 30 October 2026 on:
Countermeasures against the Democratic People’s Republic of Korea (“DPRK”) and Iran;
Enhanced due diligence measures against Myanmar; and
List of Jurisdictions under Increased Monitoring.
Accordingly, under regulation 7(1) of the Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Regulations 2019 (“PMLTFPF Regulations”), regulated dealers must perform enhanced customer due diligence measures if:
The customer, or the person on whose behalf the customer is acting on, is from or in DPRK, Iran, Myanmar, or a foreign country or territory identified to have inadequate measures to prevent money laundering, terrorism financing or proliferation financing; or
The transaction relates to DPRK, Iran, Myanmar, or a foreign country or territory identified to have inadequate measures to prevent money laundering, terrorism financing or proliferation financing.
Full details can be found at:
Jurisdictions under Increased Monitoring
Regulated dealers are also expected to take the List of Jurisdictions under Increased Monitoring into consideration when preparing and updating their risk assessment and mitigation plans and perform enhanced customer due diligence measures, when necessary. The latest list removed Bulgaria, Côte d’Ivoire, the Democratic Republic of the Congo and Monaco.
Table: List of Jurisdictions under Increased Monitoring
Jurisdictions under Increased Monitoring Angola Bolivia Bosnia and Herzegovina Cameroon Haiti Iraq Kenya Kuwait Lao People's Democratic Republic Lebanon Nepal Papua New Guinea South Sudan Syria Venezuela Vietnam Virgin Islands (UK) Yemen |
Full details can be found at: