The “grey list” is also known as the“increased monitoring list”. Countries in Grey List: As of March 2022, there are 23 countries on the FATF’s increased monitoring list — officially referred to as“jurisdictions with strategic deficiencies”— that include Pakistan, Syria, Turkey, Myanm...
Crypto hotspots like theUnited Arab Emirates (UAE)and the Philippines are on the grey list as well, but according to FATF, both countries have made a “high-level political commitment” to work with the global financial watchdog to strengthen their AML and CFT regime. Pakistan was pre...
During this plenary year the FATF has removed Ethiopia, Sri Lanka, Trinidad and Tobago, and Tunisia from its list to recognise the significant progress that these countries made in addressing their action plan commitments with the FATF. High-Risk Jurisdictions subject to a Call for Action This ...
This is a matter of shame for the country, especially coming as it did in the wake of the decision of the European Commission to place Mauritius on the list of countries with strategic anti-money laundering deficiencies. Readers will also recall the embarrassment endured by ICAC, which had sta...
As a result of its mutual evaluation reports, the FATF keeps a blacklist of “high risk jurisdictions” — which currently includes only North Korea and Iran — and a grey list of “jurisdictions under increased monitoring,” which includes 19 countries and territories. ...
Pakistan has fully complied with all the conditions imposed on it by the Paris-based Financial Action Task Force (FATF), the Foreign Office said on Friday, adding that “politicization by some countries” remains a problem that can hamper its removal from the watchdog’s grey list...
Per routine, Energy Minister Hammad Azhar hailed Pakistan’s retention on the grey list as “good news.” Claiming that Islamabad had managed to address four of seven points on the Asia-Pacific Group action plan within “one cycle,” he said this was “unprecedented” in FATF history. “For...