Iraq and Bosnia and Herzegovina Added, Algeria and Namibia Removed from FATF Grey List Countries, 19th June 2026
Outcome of FATF Plenary, 19th June 2026
Added to Grey List: Iraq, Bosnia and Herzegovina
Removed from Grey List: Algeria, Namibia
Blacklist: No Change
Iraq and Bosnia and Herzegovina Added, Algeria and Namibia removed from FATF Grey List Countries, 19th June 2026
On 19th June 2026, FATF concludes its second plenary session, making certain amendments to its grey list countries. The refinements include the addition of Iraq and Bosnia and Herzegovina and the removal of Algeria and Namibia from the FATF Grey List.
As an intergovernmental organisation that sets global standards to combat money laundering and terrorist financing, the Financial Action Task Force (FATF) announces updates on “Jurisdictions under Increased Monitoring”, also known as the FATF Grey List. It includes countries with strategic deficiencies in their Anti-Money Laundering, Counter-Financing Terrorism and Proliferation Financing (AML/CFT/CPF) regimes.
Countries on the FATF grey list are actively working with this international watchdog to address these issues and strengthen their AML/CFT/CPF framework. FATF has also set recommendations that countries should implement to combat financial crime.
Moreover, FATF regularly evaluates member countries to ensure they comply with the set AML/CFT/CPF standards. The FATF’s decision-making body, the FATF Plenary, meets three times a year to hold countries accountable for failing to comply with the standards.
What Changed on the Financial Action Task Force (FATF) Grey List in June 2026?
The changes to the FATF Grey List include the addition and removal of some countries.
Countries Added to Increased Monitoring on 19th June 2026
- Bosnia and Herzegovina
- Iraq
Countries Removed from FATF Grey List on 19th June 2026
- Algeria
- Namibia
List of Jurisdictions Under Increased Monitoring by FATF as of 19th June 2026: The FATF Grey List as of 19th June 2026
With the updates made recently, the following countries are recognised as “Jurisdictions Under Increased Monitoring” or as FATF Grey-listed countries by FATF:
1. Angola
2. Bolivia
3. Bosnia and Herzegovina
4. Bulgaria
5. Cameroon
6. Cote d’Ivoire
7. Democratic Republic of Congo
8. Haiti
9. Iraq
10. Kenya
11. Kuwait
12. Laos
13. Lebanon
14. Monaco
15. Nepal
16. Papua New Guinea
17. South Sudan
18. Syria
19. Venezuela
20. Vietnam
21. Virgin Islands (UK)
22. Yemen
Regulatory Action Plan for Regulated Entities After the FATF Grey List Update Dated 19th June 2026
Regulated entities such as Financial Institutions (FIs), Designated Non-Financial Businesses and Professions (DNFBPs), and Virtual Asset Service Providers (VASPs) in the UAE should stay up to date with the latest changes to the FATF Grey List to ensure AML/CFT/CPF compliance.
Understanding the corresponding changes in the updated Grey List, regulated entities should also review and update their AML/CFT/CPF framework to align with the FATF standards.
Regulated entities should take the following actions to comply with the regulations:
- Update the Enterprise-Wide Risk Assessment (EWRA) to include the ML/TF/PF risks arising from the newly added greylisted countries.
- Modify risk metrics to include the newly added Grey List countries and revise controls for countries removed from the Grey List.
- Upgrade policies and procedures to exhibit the changes made in the FATF Grey List.
- Align customer risk assessment parameters with the newly updated FATF Grey List.
- Apply Enhanced Due Diligence (EDD) for the customers and suppliers linked to the current grey-listed countries.
- Entities using AML software solutions should update their AML systems to reflect the changes made to the FATF Grey List.
- Provide comprehensive AML training to employees to educate them about the revised processes while dealing with customers.
Need Support Updating Compliance Framework with FATF List Updates?
We help you assess the impact of recent grey list changes on your business and update your risk assessment, policies, procedures, and controls accordingly.
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