FATF changes made to Grey Listing Assessment Criteria

The changes come as the FATF aims to relieve pressure on the least developed countries and focus attention on those that pose the greatest risk to the global financial system.

Jurisdictions will be prioritised for active review if they meet the referral criteria and are:

• A FATF member;
• On the World Bank High-Income Countries List; and
• Are a country with financial sector assets above $10b.

💡 Jurisdictional risk assessments make up a vital part of FCC frameworks. Plenitude’s Advisory & Transformation practice helps clients by conducting Business Wide Risk Assessments, comprehensively assessing their inherent and residual financial crime risks. Visit our website for more information: https://www.plenitudeconsulting.com/services/advisory-and-transformation