Country Risk Ratings Update

Country Risk Ratings Effective 12 July 2023

We have reviewed the country risk ratings based on our Country Risk Methodology. 

What changed?

• The FATF published the latest Jurisdictions Under Increased Monitoring, also known as the 'grey list'. Added to the grey list were Cameroon, Croatia, and Vietnam.

• Canada and the European Union have imposed financial sanctions on Moldova. These sanctions impose restrictive measures on listed persons and entities.

We have reassessed our country risk ratings, incorporating the above updates. Based on our methodology, ratings for other countries remain unchanged in this review.

Country Risk Rating List

Download the full list of our country risk ratings by logging into AMLA Accelerate, opening the Related Links menu and selecting Country Risk Ratings.

Want the latest country risk ratings but are not a subscriber yet?

Contact us or visit https://arctic-intelligence.com/

Update your risk assessment and AML program

To reflect the new ratings in your programs, 'roll forward' your program. See this FAQ.

New country ratings are not retroactively applied to existing programs. Programs created before this update will display the country rating as of the date your program was created.

Country risk factors

We monitor 12 official international sources, including sanctions lists, to identify the various risk factors applied as part of the Country Risk assessment.

Country risk assessment methodology

To apply a risk rating to each country, we consider all of the following criteria and more:

• Targeted financial sanctions
• Any other sanctions
• Various global AML/CTF deficiency lists
• FATF membership

Frequency of updating the Country Risk

We time our periodic review of the country risk ratings with the release dates of the source information. The release dates for source information vary so we vary our timing to use the most up-to-date information. Updates occur at least 4 times per year.

Note: We also monitor for sanctions changes on a weekly basis so if a new sanction is imposed we update our ratings quickly.