FATF Plenary Meeting October

On 25 October, the Financial Action Task Force (FATF) published the results of the plenary meeting on 23-25 October 2024, which included several important items on the agenda.

Updating the list of countries with strategic deficiencies

The FATF's so-called "grey" list has been updated.

New countries on the list

Algeria, Côte d'Ivoire, Angola and Lebanon have been added. Countries under enhanced monitoring are actively working with the FATF to address internal strategic deficiencies in the fight against money laundering and terrorist financing. The countries are committed to implementing an action plan. This is intended to remedy the deficiencies identified within the agreed deadlines.

Countries removed from the list

Senegal was removed from the "grey" list instead. Countries are generally removed if, according to the FATF, they make significant progress in addressing strategic deficiencies in the fight against money laundering and terrorist financing.

All results of the FATF plenary meeting can be found here: Outcomes FATF Plenary, 23-25 October 2024