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.
Topics : | Anti-money laundering , Counterterrorist Financing |
Source: | FATF |
Document Date: | October 21, 2022 |