(18)The FATF has welcomed the significant progress made by Barbados, Gibraltar 3 , Jamaica, Panama, the Philippines, Senegal, Uganda and the United Arab Emirates in improving their AML/CFT regimes. The FATF has also noted that those jurisdictions have set up legal and regulatory frameworks to meet the commitments in their respective action plans on the strategic deficiencies identified by the FATF. Therefore, Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda and the United Arab Emirates are no longer subject to the FATF’s monitoring process under its ongoing global AML/CFT compliance process and will continue to work with their FSRBs to further strengthen their AML/CFT regimes.
Recital 18
- 3 Without prejudice to the legal position of the Kingdom of Spain with regard to sovereignty and jurisdiction in respect of Gibraltar. ↩