FATF did not add Russia to its “grey” or “black” lists, but rather suspended Russia’s membership in FATF itself. As a result of the suspension, Russia will not be able to access documents reserved for FATF members, attend FATF meetings, or provide input into FATF processes (except ...
it is officially referred to as jurisdictions under increased monitoring. the countries on this list may face economic sanctions from institutions like the imf and the world bank and experience adverse effects on trade. pakistan is one of the country in the greylist of faft. candidates can find...
Edited byJulia SakovichNov 1, 2023 at 12:58 PM2 mins read Photo: Unsplash Turkey’s finance minister has revealed the country’s intentions to introduce new crypto regulations, aiming to secure removal from the Financial Action Task Force’s “grey list” of nations lacking sufficient anti-money...
If they fail to do this to the standard that the FATF wants, they could just as easily find themselves on the FATF’s grey list or even black List. In other words, the outcome of attempting to comply will be almost the same as outright non-compliance. So why bother tryi...
two statements at the end of its plenary sessions (usually held in February, June and October) titled “High-Risk Jurisdictions subject to a Call for Action” (often referred to as the “black list”) and “Jurisdictions under Increased Monitoring” (often referred to as the “grey list...
to prevent and combat money laundering, terrorism and proliferation financing. It also evaluates and monitors member jurisdictions to ensure that they implement its standards. As such, it has justadded the United Arab Emiratesto its list of jurisdictions “under increased monitoring” or “grey list...
tight-knit Nigeria: Who’s who in billionaire Mohammed Indimi’s circle?Dangote, Buhari, Babangida… the chairman of Oriental Energy, currently in a $435m legal tussle with two of his daughters, is connected to some of nort...
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. ...