The Financial Action Task Force (FATF) has added Gibraltar and removed Malta from its list of jurisdictions under increased monitoring, known as FATF’s ‘’grey list’’. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to swiftly resolve the strategic deficiencies identified within agreed timeframes and is subject to increased monitoring. Financial institutions should regularly re-assess the financial crime risks prevalent in the jurisdictions in which they operate in, or use an independent tool like Plenitude Compass to inform their view of country risk.

Share with: