FATF Updates Grey List After October Plenary

Key updates include: 

➡️ Burkina Faso, Mozambique, Nigeria and South Africa were removed from the list following significant progress; 

➡️ Bolivia, Cameroon and Kenya made improvements to their AML/CTF regimes but still face gaps in supervision and enforcement; 

➡️ Namibia and Nepal are in early stages of implementing their action plans; 

➡️ South Sudan, Syria and Yemen made limited progress, with FATF unable to verify reforms due to security concerns; and 

➡️ Venezuela’s oversight of non-profit organisations (NPOs) remains a key concern. 

✅Firms should review their country risk rating lists, reflecting the latest FATF updates to ensure controls are proportionate to evolving geographic ML/TF risks.    

💡Plenitude’s Compass delivers transparent, data-driven country risk assessments, helping firm's strengthen financial crime compliance through dynamic, regularly updated insights.

Visit our website for more information: https://www.plenitudeconsulting.com/services/regtech-products/compass