29/10/2024
The Financial Action Task Force (FATF) added new countries to the grey list at its plenary meeting on 25 October. Algeria, Angola, Côte d'Ivoire and Lebanon were added to the heightened supervision list for shortcomings in their handling of money laundering and terrorist financing. Senegal was taken off the list after the country made improvements in compliance with FATF standards.
In addition to these supervisory changes, the FATF has also adopted updated guidelines on risk assessment and inclusive financial practices. The main focus will be on international cooperation and information sharing. By supporting countries in risk management and promoting access to financial resources, the FATF aims to keep up to date in tackling complex financial crime.
Want to know more? Read the full report of the FATF plenary meeting.
