The Financial Action Task Force (FATF) identifies jurisdictions with weak measures to combat money laundering, terrorist financing, and the financing of proliferation. These jurisdictions are classified into two groups: the ‘grey list’, which includes jurisdictions under increased monitoring; and the ‘black list’, which includes high-risk jurisdictions subject to a call for action.

According to the FATF’s latest announcement on 13 February 2026, the following countries were listed on the grey list: Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, the Democratic Republic of the Congo, Haiti, Kenya, Kuwait, the Lao People’s Democratic Republic, Lebanon, Monaco, Namibia, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, the Virgin Islands (UK) and Yemen. The following countries are on the black list: North Korea, Iran and Myanmar.

It is therefore recommended, and often legally required, especially for financial institutions and obligated entities, to apply enhanced due diligence whenever a potential counterparty, customer or transaction is connected with any of the countries identified on the FATF lists.

These lists are updated three times a year (usually in February, June and October), so it is advisable to follow the FATF’s official website.