In relation to the Democratic People’s Republic of Korea the FATF continues to call on both its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the DPRK.
In June 2016 the FATF welcomed Iran’s adoption of, and high-level political commitment to, an Action Plan to address its strategic AML/CFT deficiencies, and its decision to seek technical assistance in the implementation of the Action Plan.
The most recent FATF statement, on the 19th October 2018, notes
“Iran will remain on the FATF Public Statement until the full Action Plan has been completed. Until Iran implements the measures required to address the deficiencies identified in the Action Plan, the FATF will remain concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system. The FATF, therefore, calls on its members and urges all jurisdictions to continue to advise their financial institutions to apply enhanced due diligence, including obtaining information on the reasons for intended transactions, to business relationships and transactions with natural and legal persons from Iran, consistent with FATF Recommendation 19.”
The FATF also issued a list of eleven other monitored jurisdictions which are working with the FATF to address deficiencies in their national AML/CFT systems.
In October 2018, the FATF identified The Bahamas, Botswana and Ghana as jurisdictions with strategic AML/CFT deficiencies. These jurisdictions have made high-level political commitments to work with the FATF and strengthen the effectiveness of their AML/CFT regimes and address any related technical deficiencies.
An Exchequer surplus of €106 million was recorded for 2018. This compares to a surplus of €1,906 million in 2017. When adjusted for the impact of the (€3,434) AIB share sale in 2017, the Exchequer balance shows an underlying annual increase of €1,633 million. This improvement in the Exchequer balance was primarily due to increases in tax and non-tax revenue, albeit somewhat offset by increases in expenditure.
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