FATF Black List

The FATF Blacklist is a list created by the Financial Action Task Force, an international organization that sets standards to prevent money laundering and terrorist financing. Countries on this blacklist are identified as having significant weaknesses in their anti-money laundering and counter-terrorism financing measures. Being on the list can lead to increased scrutiny and restrictions from the global financial community, potentially impacting a country's economy and international banking relations. The goal is to encourage these nations to strengthen their laws and enforcement so they can be removed from the blacklist and improve their financial systems.