FATF Grey List

The FATF Grey List is a list maintained by the Financial Action Task Force, an international organization that sets standards to prevent money laundering and terrorist financing. Countries on the Grey List are identified as having strategic deficiencies in their anti-money laundering and counter-terrorism financing frameworks but are actively working to improve them. Being on this list encourages these nations to strengthen their regulations and practices. While it doesn't impose sanctions, it signals to other countries and financial institutions that extra vigilance is needed when dealing with transactions involving these nations.