Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s (FATF) grey list.
FAFT also announced Friday that it added Monaco and Venezuela to its 21-country grey list, with increased monitoring appropriate due to AML/CFT deficiencies that “present a risk to the international financial system.” In all cases, countries on the grey list have “committed to resolve swiftly the identified strategic deficiencies within agreed timeframes,” the FATF said.
