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Assessing the impact of FATF’s grey list

Ahead of FATF’s plenary in Paris next week, how influential are the body’s grey and black lists for the international banking industry?

by John Everington

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Assessing the impact of FATF’s grey list

Of the 23 jurisdictions on the grey list, around a third have expressed confidence of coming off following next week’s FATF plenary in Paris.

At what age does the concept of the naughty step lose its potency for those that get sent to sit on it?

This year marks the 24th anniversary of the Financial Action Task Force’s statement of Jurisdictions Under Increased Monitoring, which identifies “countries or jurisdictions with serious strategic deficiencies to counter money laundering, terrorist financing, and financing of proliferation”.

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John Everington

John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.