Jurisdictions under increased monitoring
30 October 2024
It is important that you remain up to date with jurisdictions named on the Financial Action Task Force (FATF) “black and grey” lists.
The “grey list” is those Jurisdictions under Increased Monitoring (FATF website) that are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
Following FATF’s October 2024 plenary, Algeria, Angola, Côte d’Ivoire and Lebanon are now subject to increased monitoring while Senegal was removed from the grey list following significant progress in addressing its strategic AML/CFT deficiencies.
FATF also identifies High-Risk Jurisdictions subject to a Call for Action, known as the “black list". Iran and the Democratic People’s Republic of Korea (DPRK) remain on this list. Myanmar remains a country subject to a call to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction.
More information about the October plenary can be found here: Outcomes FATF Plenary, 23-25 October 2024 (FATF website)
