FATF Grey List Countries 2022 – FATF BlackList Countries List Pdf

FATF Grey List Countries 2022 – FATF BlackList Countries List Pdf – The Financial Action Task Force (FATF) blacklist (sometimes referred to as the OECD blacklist) is a list of countries that the intergovernmental organisation considers uncooperative in the global effort to combat money laundering and terror financing. By releasing the list, the FATF hopes to encourage countries to improve their regulatory regimes and establish a global set of AML/CFT standards and norms.

The FATF also publishes a grey list, in which it determines countries that have deficiencies in AML/CFT controls, but have committed to addressing their shortcomings. Given the potential regulatory risk associated with countries not maintaining international compliance standards, financial institutions should be aware of countries with FATF blacklists and grey lists and that designation.

FATF Grey List Countries
FATF Grey List Countries 2022

FATF Grey List Countries 2022 – FATF BlackList Countries List Pdf

Organization Name Financial Action Task Force (FATF)
Formation 1989
Motive Combat money laundering and terrorism financing
Headquarters Paris (France)
Member Countries 39+1
President T. Raja Kumar (Singapore)
Vice – President Elisa de Anda Madrazo (Mexico)
Executive Secretary Violaine Clerc
Deputy Executive Secretary Vincent Schmoll
Category

Countries List 2022 :

Pakistan has been on the FATF grey list since June 2018. Pakistan first entered the grey list in 2008, and fatf came out of the grey list and then was on it from 2012 to 2015. Since 2018, it has not been removed from FATF Gray. list. The FATF had released a 27-point action plan after placing Pakistan on the FATF’s grey list in June 2018. The action plan deals with curbing money laundering and terror financing. Fatf’s grey list includes Syria, Jamaica, Pakistan, Jordan, South Sudan. The full list of countries included in the FATF Grey List is given below.

  1. Albania
  2. Barbados
  3. Burkina Faso
  4. Cambodia
  5. Cayman Islands
  6. Haiti
  7. Jamaica
  8. Jordan
  9. Mali
  10. Malta
  11. Morocco
  12. Myanmar
  13. Nicaragua
  14. Pakistan
  15. Panama
  16. Philippines
  17. Senegal
  18. South Sudan
  19. Syria
  20. Turkey
  21. Uganda
  22. United Arab Emirates
  23. Yemen

List of FATF Member Countries :

The FATF has about 40 member countries and 20 observer organizations, including regional anti-money laundering bodies (FSRBs), the United Nations, the Egmont Group of Financial Intelligence Units, the International Monetary Fund and many other international organizations. The list of FATF member countries is given below.

Argentina Japan
Australia Republic of Korea
Austria Luxembourg
Belgium Malaysia
Brazil Mexico
Canada Kingdom of Netherlands
China New Zealand
Denmark Norway
European Commission Portugal
Finland Russian Federation
France Saudi Arabia
Germany Singapore
Greece South Africa
Gulf Co-operation Council Spain
Hong Kong, China Sweden
Iceland Switzerland
India Turkey
Ireland United Kingdom
Israel United States
Italy Indonesia (FATF Observer)

List of FATF Observer Organization List 2022 : Latest Updated 

  1. African Development Bank
  2. Anti-Money Laundering Liaison Committee of the Franc Zone
  3. Asian Development Bank
  4. Basel Committee on Banking Supervision (BCBS)
  5. Camden Asset Recovery Inter-agency Network (CARIN)
  6. Egmont Group of Financial Intelligence Units
  7. European Bank for Reconstruction and Development (EBRD)
  8. European Central Bank (ECB)
  9. Eurojust
  10. Europol
  11. Group of International Finance Centre Supervisors (GIFCS)
  12. Inter-American Development Bank (IDB)
  13. International Association of Insurance Supervisors (IAIS)
  14. International Monetary Fund (IMF)
  15. International Organization of Securities Commissions (IOSCO)
  16. Interpol
  17. Organization of American States / Inter-American Committee Against Terrorism (OAS/CICTE)
  18. Organization of American States / Inter-American Drug Abuse Control Commission (OAS/CICAD)
  19. Organization for Economic Co-operation and Development (OECD)
  20. Organization for Security and Co-operation in Europe (OSCE)
  21. World Bank
  22. World Customs Organization
  23. United Nations
    • United Nations Office on Drugs and Crime (UNODC)
    • United Nations Counter-Terrorism Committee Executive Directorate (UNCTED)
    • The Expert Group to the Security Council Committee
    • The Analytical Support and Sanctions Monitoring Team
    • Security Council Subsidiary Organs Branch
    • Panel of Experts to the Security Council Committee

Is India a member of fatf?

  • Yes, India has been a member of the Financial Action Task Force since 2010.

Where is the headquarters of FATF?

  • FATF is headquartered in Paris, France.

What is fatf’s black list?

  • The FATF black list is a list of countries that are in high-risk jurisdictions and non-cooperative countries or regions (NCCTs).
  • These countries support terror funding and money laundering activities.
  • At present, two countries Iran and North Korea are on the FATF’s black list.

Recent Additions to FATF Grey List and Blacklists Countries 2022 :

  • Jordan
  • Mali
  • Turkey
  • United Arab Emirates

Recent Removals from FATF Grey List and Blacklists 2022 :

  • Mauritius
  • Botswana
  • Bahamas
  • Ghana
  • Zimbabwe

Leave a Comment

Your email address will not be published.

Scroll to Top