FATF updates lists of high-risk jurisdictions

Introduction

The Financial Action Task Force (“FATF”) continuously monitors the jurisdictions and their actions to combat money laundering, terrorist and proliferation financing. The results are published three times a year. During the plenary meeting on June 13, 2025, the FATF updated its statements on:

High-Risk Jurisdictions subject to a Call for Action;
Jurisdictions under Increased Monitoring.

High-Risk Jurisdictions subject to a Call for Action

High-risk jurisdictions exhibit significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk (“black list”), the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence. In the most serious cases, countries are called upon to implement countermeasures.

As of today, the FATF has confirmed the following “High-Risk Jurisdictions” list:

Democratic Republic of Korea
Iran
Myanmar

Jurisdictions under Increased Monitoring

Jurisdictions under increased monitoring (“grey list”) have been selected by the FATF for their active engagement in addressing gaps in their AML and CFT regimes. Each country on this list is expected to complete its action plan quickly and in line with agreed timelines.

The FATF welcomes the commitment of these jurisdictions and remains committed to closely monitoring their progress.

The FATF will continue to monitor developments closely and urges all jurisdictions to incorporate this information into their risk assessments, while ensuring that legitimate financial activities remain unhindered.

As of today, the FATF has assessed the progress made by several countries, including Angola, Bulgaria, Croatia, Kenya, South Africa, Venezuela, and Vietnam. Bolivia and the British Virgin Islands have been added to the list for the first time.

Some jurisdictions – namely Lebanon, Syria, and Yemen – opted to defer reporting, while others have successfully completed their respective action plans. Notably, Croatia, Mali, and Tanzania are no longer subject to FATF’s increased monitoring and have been officially removed from the grey list.

Il “Jurisdictions under Increased Monitoring” are:

Algeria
Angola
Bolivia
Bulgaria
Burkina Faso
Cameroon
Côte d’Ivoire
Democratic Republic of the Congo
Haiti
Kenya
Lao PDR
Lebanon
Monaco
Mozambique
Namibia
Nepal
Nigeria
South Africa
South Sudan
Syria
Venezuela
Vietnam
Virgin Islands (UK)
Yemen

For further details regarding the progress of each of these countries, please refer to the official website of FATF[1].

[1] FATF, Jurisdictions under Increased Monitoring, February 21, 2025, available here: Jurisdictions under Increased Monitoring – 13 June 2025.

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