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Pakistan Exits Global Gray List, Passes 3 African Nations Going the Other Direction

An intergovernmental group on Friday moved the Democratic Republic of Congo, Mozambique and Tanzania onto a gray list of nations with strategic gaps in their anti-financial crime defenses, and removed Pakistan in light of the country’s ongoing campaign to eliminate its own.

Nicaragua also exited the Financial Action Task Force’s gray list after a team of evaluators determined that the Central American country has more thoroughly adopted the risk-based approach to anti-money laundering supervision. Myanmar meanwhile dropped from the gray list to the black list after failing to address a number of strategic deficiencies that FATF first identified in a report four years ago.

FATF barred Russia from participating in the group’s “current and future projects” in response to the country’s invasion and occupation of Ukraine.

Moneylaundering.com may update this coverage as more information becomes available.
Topics : Anti-money laundering , Counterterrorist Financing
Source: FATF
Document Date: October 21, 2022