FATF Grey List Update: Iraq and Bosnia and Herzegovina Added, Algeria and Namibia Removed, 19th June 2026
Executive Summary:
- FATFGrey List: Added – Iraq and Bosnia and Herzegovina.
- FATF Grey List: Removed – Algeria and Namibia
- FATFBlacklist: No change
- Impact:Reassess your jurisdictional risks and place appropriate controls.
- Actions now:Reflect the update across your policies, risk matrices, and training.
FATF Grey List: June 2026 Update
19th June 2026 marks the successful completion of the second plenary session for the year 2026, conducted by the Financial Action Task Force (FATF), which added the following countries to the Grey List:
- Iraq
- Bosnia and Herzegovina
Further, the following countries were removed from the grey list:
- Algeria
- Namibia
The FATF acts as a global watchdog which sets international standards to counter Money Laundering (ML), Terrorism Financing (TF) and Proliferation Financing (PF).
It plays a crucial role in the international context by identifying countries or jurisdictions through its Grey and Blacklists.
Actions Regulated Entities Operating within Singapore Must Take Upon FATF Grey List Update
The AML Regulatory Landscape in Singapore necessitates Regulated Entities and other obligated entities to undertake immediate measures that integrate the FATF Grey List to ensure all-around compliance with the latest update requirements and address the emerging risks. The following compliance measures are to be undertaken:
Singapore’s AML Regulatory Framework requires that all Regulated Entities act on the FATF Grey List update. To address the emerging jurisdictional risks, the following compliance measures are to be undertaken:
Comprehensive ML/TF/PF Risk Assessment
Regulated Entities must conduct a comprehensive Risk Assessment that incorporates the geographic risk exposure as per FATF Grey List update.
Robust AML/CFT/CPF Policies and Procedures
Regulated Entities are expected to have robust policies, procedures, and risk mitigation measures that integrate the latest FAFTF Grey List and revise the jurisdictional risk rating accordingly.
Regulated Entities should have robust policies, procedures, and controls in place that integrate the FATF Grey List and revise their jurisdictional risk rating accordingly.
Enhanced Due Diligence (EDD)
Regulated Entities are required to perform Enhanced Due Diligence (EDD) for customers associated with grey-listed jurisdictions as per the latest FATF Grey List.
Ongoing Monitoring and Reporting
Regulated Entities must strengthen their protocols for Ongoing Monitoring and Reporting of customers associated with grey-listed jurisdictions as per the latest FATF Grey List.
Staff Training and Awareness
Regulated Entities should conduct staff training to raise awareness about the implications of the FATF Grey List updates.
FATF Grey List as of 19th June 2026
1. Angola
2. Bolivia
3. Bosnia and Herzegovina
4. Bulgaria
5. Cameroon
6. Cote d’Ivoire
7. Democratic Republic of Congo
8. Haiti
9. Iraq
10. Kenya
11. Kuwait
12. Laos
13. Lebanon
14. Monaco
15. Nepal
16. Papua New Guinea
17. South Sudan
18. Syria
19. Venezuela
20. Vietnam
21. Virgin Islands (UK)
22. Yemen
Update your risks with the FATF Grey List Update
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