Antigua and Barbuda is on a list of countries required to implement an action plan to tackle strategic deficiencies in their anti-money laundering and combating of financial terrorism (AML/CFT) regime by the Financial Action Task Force (FATF).Attorney General and Justice Minister Michael Scott yesterday issued an advisory on the risks in a number of jurisdictions arising from inadequate systems and controls to combat money laundering and terrorist financing provided by FATF particularly as it relates to entities that have or are considering any business relationships with the specified jurisdictions or persons operating there.The advisory said that FATF had reaffirmed the call to its members to consider the risks arising from the deficiencies associated with each jurisdiction and to apply effective counter measures to protect their financial sectorsIn a separate publication on the ongoing process to improve global AML/CFT compliance, FATF drew attention to a number of jurisdictions with strategic deficiencies in their AML/CFT regimes. These jurisdictions were previously identified by FATF and were working with them and the relevant regional bodies in order to address those deficiencies.However FATF has now called for the quick implementation of their agreed action plans. The countries listed include: Antigua and Barbuda, Bangladesh, Ecuador, Ghana, Greece, Honduras, Indonesia, Morocco, Pakistan, Paraguay, Philippines, São Tomé and Príncipe, Sudan, Tanzania, Thailand, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.In addition, FATF has drawn attention to a separate list of countries that have not yet demonstrated satisfactory and sufficient progress in implementing their agreed action plans. Those jurisdictions include: Angola, Bolivia, Ethiopia, Kenya, Myanmar, Nepal, Nigeria, Sri Lanka, Syria, Trinidad and Tobago, and Turkey.According to the FATF, any failure of these countries to take sufficient action to implement significant components of their action plan by June 2011, will result in them taking further action with regard to the risks arising from the deficiencies associated with these jurisdictions.