FATF Updates List of Countries with AML Risks
“Black” and “Grey” Lists of FATF: Update for February 2025
What are FATF Lists?
The Financial Action Task Force (FATF) regularly reviews the list of countries with insufficient measures against money laundering and terrorist financing (AML/CFT). These lists are divided into two categories:
- “Black List” – Countries with serious strategic deficiencies, for which FATF calls for countermeasures.
- “Grey List” – Countries under increased monitoring, working to address identified deficiencies.
Updated FATF “Black List”
As of February 2025, the “black list” includes:
- North Korea
- Iran
- Myanmar
FATF urges all countries to apply enhanced measures against these jurisdictions, including financial sanctions.
Updated FATF “Grey List”
FATF has added Nepal and Laos to the “grey list,” while the Philippines has been removed. The current list includes:
| Country | Country | Country |
|---|---|---|
| Algeria | Angola | Bulgaria |
| Burkina Faso | Cameroon | Côte d’Ivoire |
| Croatia | DR Congo | Haiti |
| Kenya | Laos | Lebanon |
| Mali | Monaco | Mozambique |
| Namibia | Nepal | Nigeria |
| South Africa | South Sudan | Syria |
| Tanzania | Venezuela | Vietnam |
| Yemen |
Impact on the Financial Sector and iGaming
Jurisdictions on the “grey list” are under international monitoring. This is crucial for financial institutions
and iGaming operators when dealing with players from these countries.
Conclusion
FATF continues to monitor countries, identifying and mitigating risks related to money laundering and terrorist financing. The next list update is expected in a few months.