View source for Financial Action Task Force blacklist

{{Short description|Blacklist of non-cooperating countries created by the Financial Action Task Force}}
{{Use dmy dates|date=November 2020}}

The '''Financial Action Task Force blacklist''' (often abbreviated to '''FATF blacklist''', and officially known as the "'''Call for action'''")<!-- [[WP:COMMONNAME]] seems to still be the "FATF blacklist; but we should be clear in what circles this list is referred to by other names, which implies a "call for action" ASIF action is needed, which is a normative position rather than a purely descriptive one -->,<ref name="fatfterminology1">[https://www.fatf-gafi.org/countries/ FATF nations, Full member nations, Observer nations, Call for action nations (Blacklisted nations), Other monitored jurisdictions (greylisted nations)], FATF, accessed 24 October 2019.</ref> is a [[Blacklisting|blacklist]] maintained by the [[Financial Action Task Force]].<ref name="Introduction-May1">{{cite web |url=http://www.fatf-gafi.org/about/ |title=About FATF |access-date=1 May 2018 |publisher=FATF |archive-date=27 April 2018 |archive-url=https://web.archive.org/web/20180427101315/http://www.fatf-gafi.org/about/ |url-status=dead }}</ref><ref>{{cite journal |last1=Chohan |first1=Usman W. |date=14 March 2019 |title=The FATF in the Global Financial Architecture: Challenges and Implications |journal=International, Transnational & Comparative Law Journal |publisher=UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS) |doi=10.2139/ssrn.3362167 |ssrn=3362167 |s2cid=197804604 }}</ref>

The blacklist has been issued by the FATF since 2000, and lists countries which FATF judges to be non-cooperative in the global fight against [[money laundering]] and [[Terrorism financing|terrorist financing]], calling them "Non-Cooperative Countries or Territories" (NCCTs).<ref name="fatfworks">{{cite web| url=http://www.fatf-gafi.org/about/whatwedo/| title=FATF Works| access-date=1 May 2018| publisher=FATF| archive-date=7 May 2018| archive-url=https://web.archive.org/web/20180507202711/http://www.fatf-gafi.org/about/whatwedo/| url-status=dead}}</ref>

Although non-appearance on the blacklist was perceived to be a mark of approbation for [[offshore financial centre]]s (or "tax havens") that are sufficiently well regulated to meet all of the FATF's criteria, in practice, the list included countries that did not operate as offshore financial centres. The FATF updates the blacklist regularly, adding or deleting entries.<ref name="fatfworks" />

The FATF describes "High-risk jurisdictions subject to a Call for Action" as having "significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of [[Proliferation (nuclear weapons)|proliferation]]. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence. In the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country".<ref>{{Cite web|url=http://www.fatf-gafi.org/countries/#Iran|title=Countries - Financial Action Task Force (FATF)|website=www.fatf-gafi.org}}</ref> As of November 2022, only three countries were on the FATF blacklist: [[North Korea]], [[Iran]], and [[Myanmar]].<ref>{{Cite web |title=Countries - Financial Action Task Force (FATF) |url=https://www.fatf-gafi.org/countries/#high-risk |access-date=2022-11-13 |website=www.fatf-gafi.org}}</ref>

The FATF has been characterized as effective in shifting laws and regulations to combat illicit financial flows. FATF incentivizes stricter regulations through its public noncomplier list, which leads financial institutions to shift resources and services away from the countries on the blacklist. This in turn motivates domestic economic and political actors in the listed countries to pressure their governments to introduce regulations that are compliant with the FATF.<ref>{{Cite book|last=Morse|first=Julia C.|url=https://www.jstor.org/stable/10.7591/j.ctv1hw3x0d|title=The Bankers' Blacklist: Unofficial Market Enforcement and the Global Fight against Illicit Financing|date=2021|publisher=Cornell University Press|isbn=978-1-5017-6151-5|jstor=10.7591/j.ctv1hw3x0d }}</ref>

==History==
The FATF was established by the [[G7]] summit that was held in Paris in July 1989. Founding stakeholders include the G-7 Heads of State or Government, the President of the European Commission and eight other countries.<ref>{{cite web| url=http://www.fatf-gafi.org/about/historyofthefatf/| title=History of FATF| access-date=1 May 2018| publisher=FATF| archive-date=19 June 2016| archive-url=https://web.archive.org/web/20160619111837/http://www.fatf-gafi.org/about/historyofthefatf/| url-status=dead}}</ref>

The term "non-cooperative" was criticized by some analysts as misleading, as a number of countries on the list simply lacked the infrastructure or resources to cope with relatively sophisticated financial criminals who tried to operate there.{{Citation needed|date=October 2024}} Since 2008 the FATF has, at the behest of [[G20]] leaders, installed a more analytical process for identifying jurisdictions deficient in their anti-money laundering and anti-terrorist financing regimes.<ref name = fatfworks/>

==Primary works==
One of the main objectives of the FATF is to establish norms and standards of "legal, regulatory and operational measures" to fight against money laundering, terrorist financing and other related threats to the security and integrity of the international financial system. However, FATF "has no investigative authority." FATF works with nation-states to bring legislative changes and regulatory reforms in the aforementioned sectors.<ref name = fatfworks/> In addition, the FATF also provides policy recommendations that meet international standards to countries for combating money laundering and the financing of terrorism and the proliferation of weapons of mass destruction. FATF has been providing policy recommendations since 1990 and their recommendations have been revised four times since then. FATF also monitors the situations of its members in establishing adequate measures and institutions to fight against money laundering and terrorist financing. FATF also makes sure that it is aware of national-level vulnerabilities of its member states "with the aim of protecting the international financial system from misuse."<ref>{{cite web|url=http://www.fatf-gafi.org/publications/fatfrecommendations/documents/internationalstandardsoncombatingmoneylaunderingandthefinancingofterrorismproliferation-thefatfrecommendations.html| title= Policy Recommendations|access-date=1 May 2018}}</ref>

==FATF member nations==
===Full members===
[[File:Financial Action Task Force Membership Map.png|thumb|Financial Action Task Force Membership Map]]
According to its official website, there are 39 members of FATF (earlier 40 members, Russia's membership was suspended in Feb 2023) and two Regional Organisations (European Union and Gulf Cooperation Council), representing most financial centers around the world.<ref>{{cite web|title=FATF Members and Observers|url=https://www.fatf-gafi.org/about/membersandobservers/|publisher=FATF|access-date=22 October 2024|archive-date=5 July 2019|archive-url=https://web.archive.org/web/20190705070200/http://www.fatf-gafi.org/about/membersandobservers/|url-status=dead}}</ref>
The list consisted of the following countries:<ref>{{cite web|title=FATF Members and Observers|url=https://www.fatf-gafi.org/about/membersandobservers/|access-date=22 October 2024|archive-date=5 July 2019|archive-url=https://web.archive.org/web/20190705070200/http://www.fatf-gafi.org/about/membersandobservers/|url-status=dead}}</ref>
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# {{flag|Australia}}
# {{flag|Austria}}
# {{flag|Belgium}}
# {{flag|Brazil}}
# {{flag|Canada}}
# {{flag|China}}
# {{flag|Denmark}}
# {{flag|EU}}
# {{flag|Finland}}
# {{flag|France}}
# {{flag|Germany}}
# {{flag|Greece}}
# {{flag|Gulf Cooperation Council}}
# {{flag|Hong Kong}}
# {{flag|Iceland}}
# {{flag|India}}
# {{flag|Indonesia}}
# {{flag|Ireland}}
# {{flag|Israel}}
# {{flag|Italy}}
# {{flag|Japan}}
# {{flag|Republic of Korea}}
# {{flag|Luxembourg}}
# {{flag|Malaysia}}
# {{flag|Mexico}}
# {{flag|Netherlands}}
# {{flag|New Zealand}}
# {{flag|Norway}}
# {{flag|Portugal}}
# {{flag|Russia}}
# {{flag|Saudi Arabia}}
# {{flag|Singapore}}
# {{flag|South Africa}}
# {{flag|Spain}}
# {{flag|Sweden}}
# {{flag|Switzerland}}
# {{flag|Turkey}}
# {{flag|United Kingdom}}
# {{flag|United States}}
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===Observer nations===
There are currently no FATF observer nations, but many financial institutions participate at that level.<ref>{{cite web|title=FATF Observers|url=http://www.fatf-gafi.org/about/membersandobservers/|publisher=FATF|access-date=22 October 2024|archive-date=19 September 2015|archive-url=https://web.archive.org/web/20150919001646/http://www.fatf-gafi.org/about/membersandobservers/|url-status=dead}}</ref>

==FATF Blacklisting reports==
The Blacklist is a term used by the media, which is officially called a "Call for action" nations by the FATF.

===June 2000 report===
The initial list of fifteen countries regarded as uncooperative in the fight against money laundering, was published in June 2000.<ref name=":0">[https://www.fatf-gafi.org/media/fatf/documents/reports/1999%202000%20NCCT%20ENG.pdf "June 2000 Report"] (PDF). FATF. Retrieved 5 Oct 2022.</ref> The list consisted of the following countries:<ref name=":0" />

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# {{flag|Lebanon}}
# {{flag|Marshall Islands}}
# {{flag|Nauru}}
# {{flag|Niue}}
# {{flag|Panama}}
# {{flag|Philippines}}
# {{flag|Russian Federation}}
# {{flag|Saint Kitts and Nevis}}
# {{flag|Saint Vincent and the Grenadines}}
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===June 2001 report===
The second FATF report, published in 2001 and including a supplemental report in September, denoted a further eight countries as non-cooperative:
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# {{flag|Indonesia}}
# {{flag|Myanmar}}
# {{flag|Nigeria}}
# {{flag|Ukraine}}
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===June 2002 report===
According to June 2002 report from FATF, following countries were listed as NCCTs.<ref>{{cite web|title=June 2002 Report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2001%202002%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

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# {{flag|Egypt}}
# {{flag|Grenada}}
# {{flag|Guatemala}}
# {{flag|Indonesia}}
# {{flag|Marshall Islands}}
# {{flag|Myanmar}}
# {{flag|Nauru}}
# {{flag|Nigeria}}
# {{flag|Niue}}
# {{flag|Philippines}}
# {{flag|St. Vincent and the Grenadines}}
# {{flag|Ukraine}}
{{div col end}}

===June 2003 report===
According to a June 2003 report from FATF, the following countries were listed as NCCTs.<ref>{{cite web|title=June 2003 report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2002%202003%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

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# {{flag|Guatemala}}
# {{flag|Indonesia}}
# {{flag|Myanmar}}
# {{flag|Nauru}}
# {{flag|Nigeria}}
# {{flag|Philippines}}
# {{flag|Ukraine}}
{{col div end}}

===July 2004 report===
According to the July 2004 report from FATF, the following countries were listed as NCCTs.<ref>{{cite web|title=July 2004 Report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2003%202004%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

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# {{flag|Nauru}}
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===June 2005 Report===
According to June 2005 report from FATF, the following were listed as NCCTs.<ref>{{cite web|title=June 2005 Report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2004%202005%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

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===June 2006 report===
The seventh list, published in June 2006,<ref>[http://www.fatf-gafi.org/dataoecd/0/0/37029619.pdf Error:- 404 - Financial Action Task Force (FATF)] {{webarchive |url=https://web.archive.org/web/20060715090401/http://www.fatf-gafi.org/dataoecd/0/0/37029619.pdf |date=15 July 2006 }}</ref> listed only the following country as non-cooperative:

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===June 2007 report===
FATF's Eighth NCCT Review (Annual Review of Non-Cooperative Countries and Territories 2006–2007, dated 12 October 2007) listed no countries as non-cooperative.<ref name="fatf-gafi.org">{{cite web|url = http://www.fatf-gafi.org/dataoecd/14/11/39552632.pdf |title = Annual Review of Non-Cooperative Countries and Territories 2006-2007: Eighth NCCT Review|publisher = Financial Action Task Force (FATF)|url-status = dead|archive-url = https://web.archive.org/web/20081031070853/http://www.fatf-gafi.org/dataoecd/14/11/39552632.pdf|archive-date = 31 October 2008}}</ref> Myanmar (formerly Burma) was removed on 13 October 2006, Nauru on 13 October 2005 and Nigeria on 23 June 2006.<ref name="fatf-gafi.org"/>

===June 2008 report===
FATF's Ninth Review identified the following countries as high risk and non-cooperative.<ref name="fatf2008">[http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatfstatement-20june2008.html FATF Statement - 20 June 2008] Financial Action Task Force (FATF)</ref>
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# {{flag|Uzbekistan}}
# {{flag|Iran}}
# {{flag|Pakistan}}
# {{flag|Turkmenistan}}
# {{flag|São Tomé and Príncipe}}
# {{flag|Northern Cyprus}}
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===June 2009 statement===
FATF issued a "public statement" on 25 February 2009 noting concerns and encouraging greater compliance by the following countries:<ref>[http://www.fatf-gafi.org/dataoecd/18/28/42242615.pdf FATF Statement concerning Iran, Uzbekistan, Turkmenistan, Pakistan* and India and Príncipe - 26 June 2009] Financial Action Task Force (FATF) {{Webarchive|url=https://web.archive.org/web/20091007181834/http://www.fatf-gafi.org/dataoecd/18/28/42242615.pdf |date=7 October 2009 }}</ref>

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===October 2010 Statement===
The following country has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the FATF to address the deficiencies.<ref>{{cite web|title=FATF Public Statement 2010|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-22october2010.html|publisher=FATF|access-date=2 May 2018}}</ref>

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===October 2011 Statement===
The following countries have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies.<ref>{{cite web|title=FATA Public Statement 2011|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-28october2011.html|publisher=FATF|access-date=2 May 2018|archive-date=3 May 2018|archive-url=https://web.archive.org/web/20180503041231/http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-28october2011.html|url-status=dead}}</ref>

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# {{flag|Cuba}}
# {{flag|Bolivia}}
# {{flag|Ethiopia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|Nigeria}}
# {{flag|Sao Tome and Principe}}
# {{flag|Sri Lanka}}
# {{flag|Syria}}
# {{flag|Turkey}}
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===February 2012 statement===

A total of 17 countries were labeled as high-risk and non-cooperative jurisdictions by FATF. All listed countries below are defined as such; counter-measures were in force only for Iran and the Democratic People's Republic of Korea (DPRK, North Korea).<ref name=blacklist-feb12>{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-16february2012.html |title=FATF Public Statement - 16 February 2012 |date=16 February 2012 |access-date=6 October 2014 |publisher=FATF |archive-date=6 October 2014 |archive-url=https://web.archive.org/web/20141006081216/http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-16february2012.html |url-status=dead }}</ref>

High-risk and non-cooperative countries, to whom counter-measures applied:
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High-risk and non-cooperative countries, not committed to an action plan:

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# {{flag|Bolivia}}
# {{flag|Cuba}}
# {{flag|Ethiopia}}
# {{flag|Ghana}}
# {{flag|Indonesia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|Nigeria}}
# {{flag|Israel}}
# {{flag|São Tomé and Príncipe}}
# {{flag|Sri Lanka}}
# {{flag|Syria}}
# {{flag|Tanzania}}
# {{flag|Thailand}}
{{col div end}}

===June 2013===
A total of 14 countries were identified as jurisdictions that have strategic deficiencies that pose a risk to the international financial system.<ref name=blacklist-jun13>{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-june-2013.html |title=FATF Public Statement - 21 June 2013 |date=21 June 2013 |access-date=6 October 2014 |publisher=FATF |archive-date=14 August 2013 |archive-url=https://web.archive.org/web/20130814110944/http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-june-2013.html |url-status=dead }}</ref>

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions.

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Jurisdictions with strategic [[Anti–money laundering|AML/CFT]] deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

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# {{flag|Ecuador}}
# {{flag|Ethiopia}}
# {{flag|Indonesia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|São Tomé and Príncipe}}
# {{flag|Syria}}
# {{flag|Tanzania}}
# {{flag|Turkey}}
# {{flag|Vietnam}}
# {{flag|Yemen}}
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===October 2013 statement===
A total of 13 countries were identified as jurisdictions that have strategic deficiencies that pose a risk to the international financial system.<ref name=blacklist-oct13>{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatf-public-statement-oct-2013.html |title=FATF Public Statement - 18 October 2013 |date=18 October 2013 |access-date=6 October 2014 |publisher=FATF}}</ref>
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Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

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# {{flag|Algeria}}
# {{flag|Ecuador}}
# {{flag|Ethiopia}}
# {{flag|Indonesia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|Tanzania}}
# {{flag|Turkey}}
# {{flag|Yemen}}
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===February 2014===
A total of 11 countries were identified as jurisdictions with strategic deficiencies posing a risk to the international financial system.<ref name="blacklist-feb14">{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-feb-2014.html |title=FATF Public Statement - 14 February 2014 |date=14 February 2014 |access-date=6 October 2014 |publisher=FATF}}</ref>

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Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

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# {{flag|Algeria}}
# {{flag|Ecuador}}
# {{flag|Ethiopia}}
# {{flag|Indonesia}}
# {{flag|Myanmar}}
# {{flag|Syria}}
# {{flag|Israel}}
# {{flag|Yemen}}
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===June 2014 statement===
A total of 6 countries were identified as jurisdictions that have strategic deficiencies that pose a risk to the international financial system.<ref name="blacklist-jun14">{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-june-2014.html |title=FATF Public Statement - 27 June 2014 |date=27 June 2014 |access-date=6 October 2014 |publisher=FATF |archive-date=6 October 2014 |archive-url=https://web.archive.org/web/20141006083004/http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-june-2014.html |url-status=dead }}</ref>

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Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

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# {{flag|Algeria}}
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# {{flag|Indonesia}}
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===February 2015 statement===

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions.<ref>{{Cite web|url=https://www.fatf-gafi.org/content/fatf-gafi/en/publications/High-risk-and-other-monitored-jurisdictions/Public-statement-february-2015.html|title=FATF Public Statement - 27 February 2015}}</ref>

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Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies. The FATF calls on its members to consider the risks arising from the deficiencies associated with each jurisdiction, as described below.

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===October 2015 statement===
The FATF statement issued on 23 October 2015 identified three high-risk and non-cooperative jurisdictions:<ref>{{cite web|title=FATF Public Statement - 23 October 2015|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/public-statement-october-2015.html|publisher=Financial Action Task Force (FATF)|access-date=20 November 2015}}</ref>

Call to apply counter-measures:
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Jurisdictions with strategic deficiencies:
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===February 2016 statement===
Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions.,<ref>{{cite web | url=https://www.fatf-gafi.org/content/fatf-gafi/en/publications/High-risk-and-other-monitored-jurisdictions/Public-statement-february-2016.html | title=FATF Public Statement – 19 February 2016|publisher=Financial Action Task Force (FATF)|access-date=31 March 2023}}</ref>

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===February 2017 Statement===
Regarding North Korea, the FATF released the following concern:

"The terrorism (AML/CFT) regime and the serious threat this poses to the integrity of the international financial system. The FATF urges the DPRK to immediately and meaningfully address its AML/CFT deficiencies. Further, FATF has serious concerns with the threat posed by DPRK's illicit activities related to the proliferation of weapons of mass destruction (WMDs) and its financing."<ref>{{cite web|title=TATF Public Statement 2017|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/public-statement-february-2017.html|publisher=FATF|access-date=2 May 2018}}</ref>

==Current FATF lists==
{{anchor | Current | Current list | Current FATF list }}
<!-- For clarity and to remove any doubts, these are the current blacklists and greylists. Statements/reports documented above come across as fragmented and leave a scope for doubt as to which nations are currently black/grey listed. Hence, the need for this section. Please keep updating it regularly, and do mention the date of update. -->

===Current FATF blacklist===
{{anchor | blacklist | FATF blacklist | current FATF blacklist }}
[[File:FATF blacklist and greylist states (2024).svg|thumb|240x240px|FATF blacklist and greylist states as of 2024]]
As of 13 June 2025, the following countries were on this list:<ref name="Black and grey lists">{{cite web |url=https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html |title="Black and grey" lists |website=FATF |access-date=21 June 2025}}</ref>
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===Current FATF grey list===
{{anchor | greylist | FATF Greylist | Current FATF Greylist }}
As of 13 June 2025, the following 25 countries/territories were on this list:<ref name="Black and grey lists"/>

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# {{flag|Kenya}}
# {{flag|Laos}}
# {{flag|Lebanon}}<ref name= Leb>[https://www.reuters.com/world/middle-east/lebanon-grey-listed-by-financial-watchdog-fatf-two-sources-say-2024-10-25/ Watchdog FATF places Lebanon on financial crime watchlist], Timour Azhari and Makini Brice for Reuters, posted and retrieved 25 Oct 2024.</ref>
# {{flag|Monaco}}<ref name="WSJ">Mengqi Sun (2024), Monaco, Venezuela Placed on Global Money-Laundering Watch List, ''Wall Street Journal'', 28 June.></ref>
# {{flag|Mozambique}}
# {{flag|Namibia}}
# {{flag|Nepal}}
# {{flag|Nigeria}}
# {{flag|Senegal}}
# {{flag|South Africa}}
# {{flag|South Sudan}}
# {{flag|Syria}}
# {{flag|Venezuela}}<ref name="WSJ"></ref>
# {{flag|Vietnam}}<ref name="firstpost.com">{{Cite web |date=2023-06-24 |title=FATF adds Vietnam on grey list over weapons-proliferation risks |url=https://www.firstpost.com/world/fatf-adds-vietnam-on-grey-list-over-weapons-proliferation-risks-12784842.html |access-date=2023-06-25 |website=Firstpost |language=en}}</ref>
# {{flag|British Virgin Islands}}
# {{flag|Yemen}}
{{col div end}}

===FATF review meeting ===
The FATF Plenary, the making body, meets three times a year around February, June and October.<ref name=qu1>[https://livenewsdaily.in/pakistan-fails-to-meet-terror-finance-watchdogs-action-points-full-details/ Pakistan fails to meet terror finance watchdog's action points], Live News Daily, 17 June 2019.</ref><ref name="PakGreylisted1">[https://www.brecorder.com/2019/10/22/536596/clear-warning-fatf-statement/ Clear warning: FATF statement] {{Webarchive|url=https://web.archive.org/web/20191024081145/https://www.brecorder.com/2019/10/22/536596/clear-warning-fatf-statement/ |date=24 October 2019 }}, Business recorder, 22 October 2019.</ref>

* In June 2021, the FATF stated that [[Mauritius]] and [[Botswana]] completed their action plans and would be subject to on-site visits before being removed from the list in October 2021. 
* In June 2021, [[Ghana]] was removed from the grey list following the completion of its action plan and a successful on-site visit by assessors.<ref>{{Cite web |last= |first= |title=GHANA EXITS FATF GREY LIST |url=https://fic.gov.gh/index.php/component/content/article/31-blog/travel/78-ghana-exits-fatf-grey-list |access-date=2025-06-21 |website=fic.gov.gh |language=en-gb}}</ref>
* In June 2021, [[Haiti]], [[Malta]], the [[Philippines]] and [[South Sudan]] have been added to the grey list.<ref name="FATF Outcome, June 2021">{{Cite web |url=https://www.fatf-gafi.org/publications/fatfgeneral/documents/outcomes-fatf-plenary-june-2021.html|title=Outcomes FATF Plenary, 20-25 June 2021|publisher=[[FATF]]|date=2021-06-25|access-date=2021-06-27}}</ref><ref name="FATF Plenary, June 2021">{{Cite web|url=https://www.fatf-gafi.org/publications/fatfgeneral/documents/plenary-june-2021.html|title=FATF Plenary, June 2021|publisher=[[FATF]]|date=2021-06-21|access-date=2021-06-27|archive-date=25 June 2021|archive-url=https://web.archive.org/web/20210625191114/http://www.fatf-gafi.org/publications/fatfgeneral/documents/plenary-june-2021.html|url-status=dead}}</ref><ref name="June 2021 updates">{{Cite web |url=https://www.regulationasia.com/fatf-plenary-packs-powerful-punch/|title=FATF Plenary Packs Powerful Punch|publisher=Regulation Asia|date=2021-06-25|access-date=2021-06-27}}</ref>
* In March 2022, the [[United Arab Emirates]] was added to the grey list, while [[Zimbabwe]] was removed from the list.<ref>[https://www.wsj.com/articles/u-a-e-placed-on-global-watch-list-for-money-laundering-terrorism-financing-11646425480 U.A.E. Placed on Global Watch List for Money Laundering, Terrorism Financing], The Wall Street Journal, 4 March 2022.</ref><ref>[https://www.tribuneindia.com/news/world/fatf-retains-pakistan-on-grey-list-adds-uae-375541 FATF retains Pakistan on grey list, adds UAE], Tribune India, 6 March 2022.</ref>
* In October 2022, [[Pakistan]] was removed from the grey list.<ref>{{Cite web|url=https://www.cnbctv18.com/world/pakistan-fatf-financial-action-task-force-grey-list-blacklist-explained-15000111.htm|title=Pakistan is out of FATF grey list after four years — here's what it took|date=21 October 2022|website=cnbctv18.com}}</ref>
* In February 2023, [[Morocco]] was removed from the grey list.<ref>{{cite web | url=https://www.dawn.com/news/1738919/fatf-suspends-russias-membership-over-ukraine-war | title=FATF suspends Russia's membership over Ukraine war | date=24 February 2023 }}</ref>
* Albania, the Cayman Islands, Jordan, and Panama, have been removed from the list.{{when |date= October 2024}}{{cn |date= October 2024}}
* In October 2024, [[Lebanon]] was added to the grey list.<ref name= Leb/>
* In February 2025, the [[Philippines]] was removed from the grey list.<ref>{{Cite web |title=Jurisdictions under Increased Monitoring - 21 February 2025 |url=https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-february-2025.html |access-date=2025-02-22 |website=www.fatf-gafi.org}}</ref>
* In June 2025, [[Croatia]] was removed from the grey list.<ref>{{Cite web |title=Instagram |url=https://www.instagram.com/p/DK2pO93uFWv/?img_index=1 |access-date=2025-06-15 |website=www.instagram.com}}</ref>

==Other similar lists==
===OECD "grey list"===
[[File:OECD gray list.png|thumb|implementation of the internationally agreed tax standard as of 2011 {{legend|#008000|substantially implemented the standard}} {{legend|#00ff00|committed to the standard, but have not yet substantially implemented it}} {{legend|#ff0000|have not committed to the standard ''(none)''}} {{legend|lightgray|jurisdiction not monitored}}]]

Although its main focus is on tax crime, the OECD is also concerned with money laundering and has complemented the work carried out by the FATF.<ref>{{Cite web |url=http://www.oecd.org/document/39/0,3343,en_2649_33767_2499879_1_1_1_37427,00.html |title=Tax and crime - Organisation for Economic Co-operation and Development |archive-url=https://archive.today/20120908203717/http://www.oecd.org/document/39/0,3343,en_2649_33767_2499879_1_1_1_37427,00.html |archive-date=8 September 2012 |url-status=dead}}</ref>

The OECD has maintained a 'blacklist' of countries it considers "uncooperative tax havens" in the drive for transparency of tax affairs and the effective exchange of information, officially called "The List of Uncooperative Tax Havens". Since May 2009, no countries were officially listed as uncooperative tax havens in the light of their commitments to implement the OECD standards.<ref name=oecd2009>[http://www.oecd.org/countries/monaco/listofunco-operativetaxhavens.htm List of Unco-operative Tax Havens] Organisation for Economic Co-operation and Development] n.d., retrieved 7 May 2016</ref>

On 22 October 2008, at an OECD meeting in Paris, 17 countries led by France and Germany decided to draw up a new blacklist of tax havens. It had been asked to investigate around 40 new tax havens where undeclared revenue was hidden and which hosted many of the non-regulated hedge funds that came under fire during the [[2008 financial crisis]]. Germany, France, and other countries called on the OECD to add Switzerland to a blacklist of countries which encourage tax fraud.<ref name=glfo>[http://www.euronews.net/2008/10/21/calls-from-17-countries-for-new-tax-haven-blacklist/ Calls from 17 countries for new tax haven blacklist] {{Webarchive|url=https://web.archive.org/web/20100508071347/http://www.euronews.net/2008/10/21/calls-from-17-countries-for-new-tax-haven-blacklist |date=8 May 2010 }} euronews, world news, 21 October 2008</ref> On 2 April 2009, the OECD published a list of countries, divided into three parts depending on whether they implemented an "internationally agreed tax standard", in select jurisdictions – [[tax haven]]s or other financial centers of interest.<ref>{{cite web|url=http://www.oecd.org/ctp/42497950.pdf |title=A Progress Report on The Jurisdictions Surveyed by The OECD Global Forum in Implementing The Internationally Agreed Tax Standard |publisher=OECD|date=2 April 2009|page=10}}</ref>

* substantially implemented the standard: [[Andorra]], [[Anguilla]], [[Antigua and Barbuda]], [[Argentina]], [[Aruba]], [[Australia]], [[Austria]], [[Bahamas]], [[Bahrain]], [[Barbados]], [[Belgium]], [[Belize]], [[Bermuda]], [[Brazil]], [[British Virgin Islands]], [[Brunei]], [[Canada]], [[Cayman Islands]],<ref>[[Bangkok Post]], 12 March 2010, p. B5</ref> [[Chile]], [[China]], [[Cook Islands]], [[Costa Rica]], [[Cyprus]], [[Czech Republic]], [[Denmark]], [[Dominica]], [[Estonia]], [[Finland]], [[France]], [[Germany]], [[Gibraltar]], [[Greece]], [[Grenada]], [[Guernsey]], [[Hong Kong]], [[Hungary]], [[Iceland]], [[India]], [[Indonesia]], [[Ireland]], [[Isle of Man]], [[Israel]], [[Italy]], [[Japan]], [[Jersey]], [[South Korea]], [[Liberia]], [[Liechtenstein]], [[Luxembourg]], [[Macao]], [[Malaysia]], [[Malta]], [[Marshall Islands]], [[Mauritius]], [[Mexico]], [[Monaco]], [[Montserrat]], [[Netherlands]], [[Netherlands Antilles]], [[New Zealand]], [[Norway]], [[Pakistan]], [[Panama]], [[Philippines]], [[Poland]], [[Portugal]], [[Qatar]], [[Russian Federation|Russia]], [[St. Kitts and Nevis]], [[St. Lucia]], [[St. Vincent and the Grenadines]], [[Samoa]], [[San Marino]], [[Seychelles]], [[Singapore]], [[Slovakia]], [[Slovenia]], [[South Africa]], [[Spain]], [[Sweden]], [[Switzerland]], [[Turkey]], [[Turks and Caicos Islands]], [[United Arab Emirates]], [[United Kingdom]], [[United States]], [[US Virgin Islands]], [[Vanuatu]]. This is not a complete list, as many countries, including Lebanon, Nigeria and many more are not included in this list.
* committed to the standard, but have not yet substantially implemented it: [[Nauru]], [[Niue]], [[Guatemala]], [[Uruguay]]
* have not committed to the standard: none as of October 2009.<ref>{{cite web|url = http://www.oecd.org/dataoecd/50/0/43606256.pdf |title = A Progress Report on The Jurisdictions Surveyed by The OECD Global Forum in Implementing The Internationally Agreed Tax Standard|date = 20 October 2009|url-status = dead|archive-url=https://web.archive.org/web/20091014202853/http://www.oecd.org/dataoecd/50/0/43606256.pdf |archive-date=14 October 2009 |access-date = 5 November 2018}}</ref>

===Global forum compliance===
{{Further|Global Forum on Transparency and Exchange of Information for Tax Purposes}}
The [[Global Forum on Transparency and Exchange of Information for Tax Purposes]] reviews and issues reports on compliance of its member tax jurisdictions. The Global Forum's peer review process examines both the legal and regulatory aspects of exchange (Phase 1 reviews) and the exchange of information in practice (Phase 2).{{citation needed|date=May 2016}}

===Other nations regularly accused of terror financing===
{{see also | Terrorism financing }}

[[Qatar]] continues to finance [[Hamas]], a militant group [[List of designated terrorist groups|designated as a terrorist organization]] by the US; allows the [[Taliban]] to maintain offices in Qatar, and is the largest state-ally of the [[Muslim Brotherhood]].<ref>{{Cite web |last=Ibish |first=Hussein |date=2023-10-20 |title=The Reckoning That Is Coming for Qatar |url=https://www.theatlantic.com/international/archive/2023/10/israel-gaza-conflict-qatar-hamas-muslim-brotherhood/675702/ |access-date=2023-10-27 |website=The Atlantic |language=en}}</ref> However, a June 2023 FATF report, claimed that Qatar has shown a government-wide effort to address ML/TF risks and to implement an effective targeted financial sanctions (TFS) regime. The report cited an updated AML/CFT law providing law enforcement with tools and improving inter-agency coordination in Qatar; the establishment of the Qatar Financial Centre (QFC) tasked with supervision with an AML/CFT supervisory team at the QFC Regulatory Authority; and a 2019 law on combating terrorism financing.<ref>{{Cite web |last=Crowell & Moring LLP - Michael J. Gunnison |date=2023-06-13 |title=FATF Releases 2023 Mutual Evaluation Report on Qatar |url=https://www.lexology.com/library/detail.aspx?g=db27a062-fbe9-48a9-aae3-4dafd676afd9 |access-date=2023-06-17 |website=Lexology |language=en}}</ref>

Nations such as [[Bahrain]], [[Egypt]], [[Saudi Arabia]], and the UAE have also been accused of doing very little to prevent the flow of funds for terror financing in other nations. Bahrain accepts [[Muslim Brotherhood]]-affiliated Minbar as a legitimate political player, and Saudi Arabia collaborates with the Muslim Brotherhood-affiliate [[Al-Islah (Yemen)|al-Islah]] in Yemen. Saudi Arabia and the UAE have been accused of hypocrisy in the [[Qatar diplomatic crisis|2017 Qatar diplomatic crisis]], as they too face accusations of not doing enough to stop terror financing, and both nations have links to terrorist organisations in the Middle East.<ref name="TerrorFinAccued1">[https://www.fairobserver.com/region/middle_east_north_africa/qatar-saudi-arabia-uae-terrorism-middle-east-security-news-18271/ Qatar's Links to Terrorism: The War of Narratives], Fair Observer, 21 October 2019.</ref> In March 2022, the FATF added the UAE to its grey list of jurisdictions subject to increased monitoring, as it claims that the country is non-cooperative in the global fight against money laundering and terror financing.<ref>{{Cite news |last=Barrington |first=Lisa |date=2022-03-04 |title=Financial crime watchdog adds UAE to 'grey' money laundering watch list |language=en |work=Reuters |url=https://www.reuters.com/world/middle-east/fatf-adds-uae-grey-money-laundering-watchlist-2022-03-04/ |access-date=2022-03-15}}</ref><ref>{{Cite news |last=England |first=Andrew |date=2022-03-04 |title=Financial crimes watchdog puts UAE on 'grey list' |work=Financial Times |url=https://www.ft.com/content/7b93180f-c4ae-442d-bf71-60e340b736f0 |archive-url=https://ghostarchive.org/archive/20221211/https://www.ft.com/content/7b93180f-c4ae-442d-bf71-60e340b736f0 |archive-date=11 December 2022 |url-access=subscription |url-status=live |access-date=2022-03-15}}</ref>

==See also==
{{Portal|Economics}}
* [[Asia/Pacific Group on Money Laundering]]
* [[Hawala]]
* [[Informal value transfer system]]
* [[Remittance]]
* [[Riba]]
* [[Offshore financial centre]]
* [[Terrorism financing]]

==References==
{{reflist}}

==External links==
* [http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/ FATF "Non-Cooperative Countries and Territories"]
* [http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/more/aboutthenon-cooperativecountriesandterritoriesncctinitiative.html Annual Non-Cooperative Countries and Territories Initiative (NCCT) Reports]
* [http://www.fatf-gafi.org/pages/faq/generalquestions/ FATF's "NCCTs FAQ"]

{{DEFAULTSORT:Fatf Blacklist}}
[[Category:Offshore finance]]
[[Category:Commercial crimes]]
[[Category:Financial regulation]]
[[Category:Tax evasion]]
[[Category:International finance]]
[[Category:International economics lists|FATF]]
[[Category:Anti-money laundering measures]]
[[Category:Funding of terrorism]]
[[Category:Taxation-related lists]]
[[Category:Blacklisting]]