The Financial Action Task Force (FATF) published an updated list of jurisdictions under increased monitoring (the “grey list”), removing Burkina Faso, Mozambique, Nigeria and South Africa after assessing that they had made sufficient progress against their agreed action plans. The update leaves 20 jurisdictions subject to increased monitoring for strategic deficiencies in their anti-money laundering, counter-terrorist financing and proliferation financing (AML/CFT/PF) regimes. Jurisdictions remaining under increased monitoring are Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Haiti, Kenya, Lao PDR, Lebanon, Monaco, Namibia, Nepal, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands (UK) and Yemen. FATF reiterated that it is not calling for enhanced due diligence measures for these jurisdictions and that the FATF Standards do not envisage de-risking, urging a risk-based approach that avoids disrupting humanitarian assistance, legitimate non-profit organisation activity and remittances, and noting humanitarian exemptions under United Nations Security Council Resolution 2761 (2024). Bolivia, Haiti, Lebanon, the Virgin Islands (UK) and Yemen deferred reporting, so previously issued statements were carried forward; FATF also flagged particular concern with Venezuela’s approach to oversight of the NPO sector and called for urgent reconsideration of aspects of its November 2024 NPO law.
Financial Action Task Force 2025-10-24
Financial Action Task Force removes Burkina Faso, Mozambique, Nigeria and South Africa from increased monitoring list
The Financial Action Task Force (FATF) updated its "grey list," removing Burkina Faso, Mozambique, Nigeria, and South Africa, while 20 jurisdictions remain under increased monitoring for AML/CFT/PF deficiencies. FATF emphasized a risk-based approach, discouraging de-risking and highlighting humanitarian exemptions under UN Security Council Resolution 2761 (2024). Concerns were raised about Venezuela's oversight of the non-profit sector, urging a review of its November 2024 NPO law.