Country Risk Lists

As an important part of a Financial Crime Prevention framework, companies must always have updated lists of high-risk countries, internationally sanctioned and Tax haven countries. The list is key for the due diligence process and the risk scoring of counterparties.

High-risk countries

High-risk countries are defined as countries there are on the following lists:

• FATF black and grey listed countries 

• EU High-risk third country list

• HM Treasury Advisory Notice: High Risk Third Countries - GOV.UK (www.gov.uk)

Countries with international sanctions

Countries with international sanctions are defined as countries which are on the following lists:

• UN Sanction list

• EU Sanction list

• OFAC (US) sanction list

• UK sanction list

Tax Haven countries

The Tax Haven country list is based on the following:

• EU list of non-cooperative jurisdictions for tax purposes - Consilium (europa.eu)

• Jurisdictions committed to improving transparency and establishing effective exchange of information in tax matters - OECD

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