The SFC sets out below a list of eligible jurisdictions where clients may maintain bank accounts for first payments and ongoing fund movements for the purpose of remote client onboarding by intermediaries. In setting out the eligible jurisdictions, the SFC takes into account the results of the Financial Action Task Force’s (FATF) mutual evaluations (Note). The SFC will update the list of eligible jurisdictions where appropriate.
For the avoidance of doubt, any removal of a jurisdiction from the list does not have retrospective effect.
Note: The FATF conducts peer reviews of each member on an ongoing basis to assess the implementation of the FATF Recommendations, providing an in-depth description and analysis of each jurisdiction's system for preventing criminal abuse of the financial system.
Eligible jurisdictions:
1. Argentina
2. Australia
3. Austria
4. Belgium
5. Brazil
6. Canada
7. France
8. Germany
9. Greece
10. India
11. Indonesia
12. Ireland
13. Israel
14. Italy
15. Japan
16. Korea
17. Luxembourg
18. Malaysia
19. Netherlands
20. New Zealand
21. Norway
22. Portugal
23. Saudi Arabia
24. Singapore
25. South Africa
26. Spain
27. Sweden
28. Switzerland
29. Turkey
30. United Kingdom
31. United States of America
Last update: 30 May 2025