Appendix D2 – Countries and territories identified as presenting higher risks
Last updated: 4 March 2022
Appendix D2 of the Handbook for the prevention and detection of money laundering and the countering of terrorism financing provides details of countries, territories and areas that have been identified by reliable and independent third party sources as presenting a higher risk of:
Financing of terrorism and
Financing of proliferation of weapons of mass destruction.
Countries, territories and areas listed under Sources 1 and 2 are also to be treated as being non-compliant with FATF Recommendations for the purpose of Article 17A of the Money Laundering (Jersey) Order 2008.
Source 6 will only capture financial sanctions regimes that relate to a country, territory or area, i.e. it will not capture thematic sanctions regimes. For a full list of financial sanctions regimes applicable in Jersey see Sanctions by country and category.
Countries, territories and areas covered by each Source may not be consistent when one Source is compared with another Source. Equally, the information may be incomplete or out of date.
We do not accept responsibility for the findings and conclusions of these sources.
Relevant persons are expected to exercise judgement in relation to how they interpret and use the Sources and should reach and document their own consideration and conclusions on risk. See Sections 3, 6 and 7 of the AML/CFT Handbook for further guidance.
The risk indicators (red flags) are populated from the following sources:
The Higher Risk/Money Laundering-list (Column B) is based on Sources 1, 2, 3, 4, 7, 8, 9, 10 and 11
The Higher Risk/Financing of Terrorism-list (Column C) is based on Sources 1, 2, 3, 4, 5, 8, 9, 10 and 13
The Higher Risk/Financial Sanctions-list (Column D) is based on Source 6 only
The Higher Risk/Financing of Proliferation of Weapons of Mass Destruction-list (Column E) is based on Sources 1 and 12.
We undertake periodic and ad hoc reviews and/or updates of the Sources as follows:
Three times per year based on FATF/FSRB Plenary publications listing concerning:
High risk jurisdictions subject to a Call for Actions (Appendix D1 and equal to the data provided in Source 1 of Appendix D2).
Higher risk jurisdictions under Increased Monitoring (Source 2 of Appendix D2).
Annually when the information in the other Sources of Appendix D2 are refreshed, ordinarily in February (Sources 3-5 and 7-13).
Anytime when Jersey legislation imposes or lifts restrictive measures related to countries or territories, known as geographical sanctions regimes (Source 6 of Appendix D2)
Changes in Jersey sanctions regimes targeting certain activities or goods worldwide (terrorism, cyber-attacks, human rights, corruption, chemical weapons etc.) are irrelevant to the updating of Appendix D2, since they do not target jurisdictions.
All relevant persons are also encouraged to independently verify the Appendix D2 Sources by following the hyperlinks below