With reference to the National Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations Committee Decision No. (1/2/2021) on the Update of the List of High-Risk Countries and Countries under Increased Monitoring and Determining the Countermeasures to be applied by financial institutions and designated non-financial businesses and professions, including lawyers;

The Ministry of Justice urges all law firms to take the following measures and actions:

1. Adopting the list of high-risk countries in relation to money laundering, financing of terrorism and financing of proliferation, in accordance with the public statement issued by the Financial Action Task Force (FATF) in this regard, and referred to under the following designation: (High-Risk Jurisdictions subject to a Call for Action Black List).

2. Full compliance with the enhanced due diligence measures set forth in the aforementioned public statement, and full compliance with all countermeasures specified in the explanatory memorandum of Recommendation (19) of the Financial Action Task Force (FATF) recommendations issued in this regard.