In its latest review, the Financial Action Task Force (FATF) has updated its list of jurisdictions under increased monitoring, often referred to as the “grey list,” as part of a continued effort to reinforce the global financial system against money laundering, terrorist financing, and the proliferation of weapons of mass destruction.
Jurisdictions placed on this list have committed to work closely with the FATF and regional bodies to address identified strategic deficiencies in their Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) frameworks. While inclusion on the grey list does not trigger automatic punitive measures, it subjects countries to greater scrutiny and periodic reporting on reform progress.
According to the FATF, jurisdictions under increased monitoring are expected to swiftly implement time-bound action plans to rectify identified gaps. The FATF acknowledged the progress made by several countries and urged continued momentum. Notably, countries such as Angola, Bulgaria, Cameroon, Côte d’Ivoire, Croatia, Mozambique, Nigeria, and Vietnam were reviewed and provided with updated assessments. Meanwhile, Algeria, Lao PDR, Lebanon, Nepal, Syria, and Yemen have deferred their reporting, and their earlier statements remain in effect for now.
In its latest update, the FATF has added Bolivia and the British Virgin Islands (UK) to the grey list, flagging emerging concerns in their financial oversight regimes. The FATF emphasized that while no jurisdiction is subject to enhanced due diligence or financial sanctions solely based on grey list inclusion, global financial institutions and member states are encouraged to adopt a risk-based approach when engaging with these countries.
Importantly, the FATF reaffirmed that its standards discourage “de-risking” — the wholesale severance of financial relationships with entire regions or sectors. Instead, it calls for nuanced evaluations that account for the specific risk profiles of institutions or clients. The FATF also reminded member states of their obligations under UN Security Council Resolution 2761 (2024), urging that legitimate humanitarian aid, remittances, and nonprofit operations not be hindered by compliance measures.
The FATF continues to work with jurisdictions not yet reviewed, offering flexibility to those without urgent deadlines to report voluntarily. As the FATF enhances transparency and international coordination, the global financial community is reminded of the importance of tailored, balanced approaches that support financial integrity without disrupting legitimate economic flows.
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By FCCT Editorial Team freeslots dinogame telegram营销
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