FATF Grey List Countries 2025 and Financial Action Task Force Black List

FATF Grey List 2025: The countries that provide shelter to terrorists and criminals, engage in illegal drug trade, human trafficking, and are involved in terror funding and money laundering activities are classified on the FATF Grey List by the Financial Action Task Force (FATF). Notably, Pakistan and Nicaragua have been removed from the FATF Grey List, and countries such as Cambodia and Morocco are also no longer under increased monitoring.

The Financial Action Task Force (FATF) is an inter-governmental organization formed in 1989 by a group of G-7 nations in Paris, France. The primary objective of the FATF is to protect and oversee illegal activities like money laundering, terrorist financing, and proliferation financing. The organization has established targets and guidelines to combat organized crime, including corruption, terrorism, human trafficking, and the funding of weapons of mass destruction.

FATF Grey List 2025 Countries

As of now, there are a total of 23 countries on the FATF Grey List. These nations are known for providing shelter to terrorists, engaging in illegal drug activities, human trafficking, and financing terror and money laundering. Being on the Grey List acts as a warning, indicating that these countries might soon be placed on the FATF Black List.

Pakistan first appeared on the Grey List in 2008 and remained there from 2012 to 2015. It has been under FATF monitoring since June 2018 but has now been removed from the list.

Countries on the FATF Grey List face increased scrutiny due to their strategic deficiencies:

1. Albania
2. Barbados
3. Burkina Faso
4. Cayman Islands
5. Democratic Republic of Congo
6. Gibraltar
7. Haiti
8. Jamaica
9. Jordan
10. Mali
11. Mozambique
12. Nigeria
13. Panama
14. Philippines
15. Senegal
16. South Africa
17. South Sudan
18. Syria
19. Tanzania
20. Turkey
21. United Arab Emirates
22. Uganda
23. Yemen

Note: Cambodia and Morocco are no longer on the FATF Grey List.

FATF Black List 2025

The FATF Black List was established in 2000 and comprises countries deemed non-cooperative in the global fight against money laundering and terrorist financing. Currently, three countries are on this list due to their high-risk jurisdictions:

1. Democratic People's Republic of Korea
2. Iran
3. Myanmar

Countries wishing to exit the FATF Grey List must comply with the recommendations set forth by the FATF. This includes actions such as confiscating assets linked to individuals involved with terrorist organizations. If satisfactory progress is observed, the FATF will remove the country from the Grey List. Recently, Zimbabwe, Botswana, and Mauritius were removed from the list.

List of FATF Member Countries

FATF consists of nearly 40 member countries along with 20 observer organizations, which include regional anti-money laundering bodies (FSRBs), the United Nations, Egmont Group of Financial Intelligence Units, and the International Monetary Fund. Below is the list of member countries:

List of FATF Observer Organizations

The following organizations observe FATF activities:

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. United Nations
22. World Bank
23. World Customs Organization

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