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FATF removes Jamaica, Türkiye from watchlist; adds Monaco, Venezuela
By 
Aaron Nicodemus2024-07-01T15:58:00
Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s (FATF) grey list.
FAFT also announced Friday that it added Monaco and Venezuela to its 21-country grey list, with increased monitoring appropriate due to AML/CFT deficiencies that “present a risk to the international financial system.” In all cases, countries on the grey list have “committed to resolve swiftly the identified strategic deficiencies within agreed timeframes,” the FATF said.
In removing Jamaica and Türkiye, the FATF congratulated them “for their significant progress in addressing the strategic AML/CFT deficiencies previously identified during their mutual evaluations.”
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