As part of its on-going review of [compliance with AML/CFT standards](http://www.fatf-gafi.org/documents/news/fatf-compliance-feb-2014.html), the [Financial Action Task Force](http://www.fatf-gafi.org/) (FATF) has identified a number of jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the Task Force.
The FATF and the FATF-style regional bodies (FSRBs) will continue to work with the jurisdictions noted and to report on the progress made in addressing the identified deficiencies. The FATF has called on these jurisdictions to complete the implementation of action plans expeditiously and within the proposed timeframes.
The FATF also today also announced that Antigua and Barbuda, Bangladesh and Vietnam have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the its monitoring process.
A large number of jurisdictions have not yet been reviewed by the Task Force. It will continue to identify additional jurisdictions that pose a risk to the international financial system.
The above reports were part of the outcome of the [FATF-XXV Plenary Meeting](http://www.fatf-gafi.org/documents/news/plenary-outcomes-feb-2014.html#Assessment_procedures) held on 12-14 February 2014. In addition, other main issues dealt with by this Plenary were:
* Approving and publishing follow-up reports to the mutual evaluations of Aruba (Kingdom of the Netherlands), Austria, Canada, Luxembourg, Mexico and the Netherlands.
* Reviewing the voluntary tax compliance programmes in several jurisdictions.
* Adopting and publishing universal procedures for assessments conducted by assessment bodies.
* Continuing to develop guidance on effective implementation of beneficial ownership requirements.
* Exploring common issues between AML/CFT and data protection experts.
* Conducting further research on the AML/CFT implications of virtual currency.