FATF Places Enhanced Monitoring on Vietnam, Cameroon, and Croatia

Following the conclusions reached at the plenary session, the Financial Action Task Force, commonly known as FATF, announced that Vietnam, Cameroon, and Croatia have entered a phase of enhanced monitoring. This designation signals a heightened level of scrutiny and ongoing assessment of these jurisdictions as they work to strengthen their anti money laundering and countering the financing of terrorism measures. The move reflects FATF’s ongoing commitment to ensuring that financial systems in all member and observer states adhere to stringent requirements, with a particular focus on transparency, beneficial ownership, and the timely reporting of suspicious activities. The decision underscores the importance of sustained reform efforts in these countries and implies a clear expectation of measurable progress over a defined period. The enhanced monitoring status is intended to help authorities identify gaps, implement reforms, and demonstrate real improvements in risk management and compliance practices across the financial sector. In practice, this means more frequent reviews, closer cooperation with FATF delegates, and an emphasis on concrete, verifiable outcomes that align with international standards for AML/CFT controls.