The Reserve Bank of India has issued a press release referring to the Financial Action Task Force (FATF) public documents released after its June 2026 plenary. The update deals with jurisdictions identified by FATF for weaknesses in systems to counter money laundering, terrorist financing and proliferation financing.
The RBI release, dated July 16, 2026, cites FATF’s public statement of June 19, 2026. It summarises the status of countries subject to a call for action as well as those placed under increased monitoring.
High-risk jurisdictions
According to the RBI, FATF has asked its members and other jurisdictions to refer to the February 2020 statement on the Democratic People’s Republic of Korea (DPRK) and Iran. That statement remains in effect.
Myanmar also remains on the list of high-risk jurisdictions subject to a call for action. Myanmar was added to this list in October 2022. FATF has called for enhanced due diligence measures that are proportionate to the risks arising from Myanmar.
The RBI release also notes FATF’s advice that such measures should not disrupt the flow of funds for humanitarian assistance, legitimate non-profit organisation activity and remittances.
Changes in increased monitoring list
FATF had earlier identified several jurisdictions as having strategic deficiencies in their regimes for anti-money laundering and combating the financing of terrorism. These jurisdictions were placed under increased monitoring and had developed action plans with FATF.
The jurisdictions listed earlier were Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Haiti, Kenya, Kuwait, Lao People’s Democratic Republic, Lebanon, Monaco, Namibia, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands (UK) and Yemen.
As per FATF’s June 19, 2026 public statement, Algeria and Namibia have been removed from the increased monitoring list. Bosnia and Herzegovina and Iraq have been included in the list after FATF’s review.
What the RBI advisory says for regulated entities
The RBI said FATF releases documents titled “High-Risk jurisdictions subject to a Call for Action” and “Jurisdictions under Increased Monitoring” as part of its work to identify and engage with jurisdictions that have strategic AML/CFT deficiencies.
The central bank also clarified that the advice does not prevent regulated entities from carrying out legitimate trade and business transactions with the countries and jurisdictions mentioned in FATF’s documents.
The detailed information, the RBI said, is available in the updated public statements and documents released by FATF on June 19, 2026.
About FATF
The Financial Action Task Force is an inter-governmental body established in 1989 by the ministers of its member jurisdictions. Its objectives are to set standards and promote effective implementation of legal, regulatory and operational measures against money laundering, terrorist financing and related threats to the international financial system.
FATF monitors progress by its members, reviews techniques used in money laundering and terrorist financing, studies counter-measures and promotes adoption of appropriate measures globally. Its decision-making body, the FATF Plenary, meets three times a year and updates these statements.
The RBI press release was issued as Press Release 2026-2027/685 and was signed by Brij Raj, Chief General Manager.
Source: Reserve Bank of India Press Releases.