Fatf Black And Grey List

The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing in two FATF public documents that are issued three times a year and that are frequently referred to as the "black and grey" lists. The FATF blacklist, also known as the "Call for action", lists countries that are deemed non-cooperative in the fight against money laundering and terrorist financing. As of November 2022, only North Korea, Iran, and Myanmar are on the blacklist, which is updated regularly by the FATF.

The Financial Action Task Force (FATF) has issued its latest updates to the grey list and black list, removing four jurisdictions from increased monitoring while leaving the high. Countries on the FATF black list and grey list are defined as deficient in their AML regimes, but grey. The FATF grey and black lists are essential tools for managing AML risk in the legal sector.

For small law firms and sole practitioners, the June 2025 update is a timely reminder to stay vigilant, apply a risk-based approach, and ensure your AML systems are robust and responsive. In June 2025, the Financial Action Task Force (FATF) has published the latest black and grey lists. The key changes were two countries added and three removed from the grey list.

Learn what the FATF grey and black lists are, how they are determined, and what impact they have on countries and businesses. Find out which countries are currently on these lists and what measures they need to take to improve their AML/CFT systems. The Financial Action Task Force (FATF) plays a critical role in the global fight against financial crimes like money laundering, terrorism financing, and proliferation financing.

Through its Grey List and Black List, the FATF monitors countries' compliance with its recommendations, signaling high. The first FATF blacklist was published in 2000, with 15 nations; however, the global blacklist now only includes Iran (World Economic Forum 2008) and North Korea (World Economic Forum 2010). FATF Greylist: Officially known as Jurisdictions by the FATF.

As part of its mission, the FATF lists certain countries on its black or grey lists, otherwise known as the FATF sanctions lists. These lists include jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT).

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