Bank Negara tells reporting institutions to apply FATF June 2026 high-risk list

Bank Negara Malaysia has circulated the FATF's June 2026 statements to all reporting institutions under AMLA, restating the obligations attaching to DPRK, Iran and Myanmar, and updating the increased-monitoring list. The circular reiterates a risk-based approach and warns explicitly against de-risking or blanket exits of customer categories, including NPOs linked to listed jurisdictions.

• DPRK and Iran remain subject to FATF calls for countermeasures and enhanced customer due diligence, and institutions must continue applying targeted financial sanctions under the relevant UN resolutions.
• Myanmar stays subject to enhanced due diligence, and the FATF will consider countermeasures if no further progress is made by October 2026.
• Bosnia and Herzegovina and Iraq were added to the FATF's grey list, while Algeria and Namibia were removed following significant progress.
• BNM requires institutions to apply a risk-based approach and avoid de-risking or blanket exits of customer categories such as NPOs linked to listed jurisdictions.
• For grey-list jurisdictions the FATF does not call for enhanced due diligence; institutions must assess each jurisdiction case-by-case in their risk assessments.

Executive summary

The circular, numbered 37/14/3 and signed by the Director of the Financial Intelligence Department, was issued on 21 July 2026 pursuant to section 83 of the Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeds of Unlawful Activities Act 2001…

Machine-verified against the primary source, then read, edited and published by the Regulus editorial desk on 19 Oct 2026.