AML/CFTR 3.5.5 Jurisdictions with impaired international cooperation

A firm must guard against customers or introductions from jurisdictions where the ability to cooperate internationally is impaired and must, therefore, subject business relationships from these jurisdictions to enhanced CDD and enhanced ongoing monitoring.

Examples of impairment

failings in the jurisdiction's judicial or administrative arrangements

Derived by QFCRA RM/2019-8 (as from 1st February 2020)