Myanmar (fomerly known as Burma), Nauru and Nigeria remain on the Financial Action Task Force’s blacklist of countries considered vulnerable...

Myanmar (fomerly known as Burma), Nauru and Nigeria remain on the Financial Action Task Force’s blacklist of countries considered vulnerable to money laundering and terrorist financing activity after the recent first joint plenary meeting of the FATF and the Asia/Pacific Group on Money Laundering held recently in Singapore.

In a statement the organization said: "The FATF has published the annual review of Non-Cooperative Countries and Territories exercise; this report also includes a review of the NCCTs process and its success in encouraging AML reforms around the globe.

"The FATF welcomed progress by the countries on the NCCT list: Myanmar, Nauru, and Nigeria and encouraged them to continue implementing their reforms so that they may be removed from the list in the near future."