Federal Circular No. 3/2025 On the Update of the List of High-Risk Countries and Countries Under Increased Monitoring
With reference to the National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee, Federal Administrative Decision No. 6/2025
And to the Ministry of Justice circulars on the obligations of law firms and legal consultancy offices concerning the updated list of high-risk countries and countries under increased monitoring, and the appropriate measures they shall implement,
We would like to inform you that the list of high-risk countries and countries under increased monitoring has been updated on the website of the National Anti-Money Laundering and Combating Financing of Terrorism Committee:
Accordingly, law firms and legal consultancy offices shall:
Review the aforementioned list and update the firm’s policies and procedures regarding anti-money laundering and combating financing of terrorism in accordance with its content.
Establish appropriate measures to be undertaken when dealing with clients from these countries.
This is for information and necessary action,
Anti-Money Laundering and Combating Terrorism Financing Department