FATF Adds Monaco, Venezuela to Gray List, Removes Jamaica and Turkey

28/06/2024
Posted by: netinfo

The Financial Action Task Force (FATF) published a public statement on the jurisdictions under increased monitoring that are actively working to address strategic anti-money laundering and counterterrorist financing deficiencies.

The so-called Gray List now includes Monaco and Venezuela, who have committed to implement action plans to swiftly resolve the identified strategic deficiencies within agreed time frames.

FATF also removed Jamaica and Turkey from the Gray List after they demonstrated significant progress in addressing strategic AML/CTF deficiencies. The two countries will continue to work with FATF and relevant FATF-Style Regional Bodies to improve AML/CTF measures.

The FATF Gray List now includes the 21 following jurisdictions: Bulgaria, Burkina Faso, Cameroon, the Democratic Republic of the Congo, Croatia, Haiti, Kenya, Mali, Monaco, Mozambique, Namibia, Nigeria, the Philippines, Senegal, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam, and Yemen.

FATF included a statement on each of the jurisdictions under increased monitoring, with the specifics of their action plans to strengthen AML/CTF measures.

View the announcement here

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FATF Adds Monaco, Venezuela to Gray List, Removes Jamaica and Turkey

FATF Adds Monaco, Venezuela to Gray List, Removes Jamaica and Turkey

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