FATF Grey List Update – 19th June 2026: Iraq and Bosnia and Herzegovina Added; Algeria and Namibia Removed
Table of Contents
- June 19, 2026
- Pathik Shah
On 19th June 2026, the Financial Action Task Force (FATF) concluded its second plenary session of the year. FATF has released its latest update on jurisdictions under increased monitoring, commonly known as the ‘FATF Grey List’. Iraq and Bosnia and Herzegovina were newly added to the list, while Algeria and Namibia were removed.
The update reflects ongoing FATF efforts to strengthen global measures against money laundering, terrorist financing, and proliferation financing.
Countries included in the FATF Grey List have committed to addressing strategic deficiencies identified in their AML/CFT/CPF framework, which are subject to increased monitoring and are required to work closely with FATF to implement agreed action plans within specific timeframes.
Key FATF Grey List Changes Announced Following the June 2026 Plenary
As part of its latest review, FATF announced additions of countries and removals from the grey list based on each jurisdiction’s progress in enhancing the effectiveness of its AML/CFT framework.
Countries Added to the FATF Grey List
On the 19th of June 2026, FATF Plenary, the following countries were placed under increased monitoring:
- Iraq
- Bosnia and Herzegovina
Countries Removed from the FATF Grey List
The following jurisdictions were removed from the FATF Grey List as they have successfully completed their FATF action plans and demonstrate sustained improvements in their AML/CFT frameworks:
- Algeria
- Namibia
Compliance Actions for Regulated Entities Following the FATF Grey List Changes
In light of the latest FATF Grey List update, Hong Kong-regulated entities should review their AML/CFT frameworks and assess any exposure to jurisdictions newly added to the list of jurisdictions under increased monitoring.
Regulated entities should consider implementing the following measures to maintain compliance with Hong Kong’s AML/CFT requirements and FATF standards.
- Conduct Enterprise-Wide Risk Assessment to identify and assess ML/TF risks associated with grey-listed jurisdictions.
- Review and update jurisdictional risk ratings within customer and transaction risk assessment frameworks.
- Apply Enhanced Due Diligence (EDD) measures to customers, counterparties, and transactions associated with grey-listed jurisdictions.
- Review existing AML/CFT governance frameworks and update relevant Policies, Procedures, and Internal Controls, aligning with the latest changes in FATF Grey List.
- Conduct enhanced Transaction Monitoring and Screening processes to identify higher-risk activities that involve jurisdictions subject to increased monitoring.
- Provide robust Staff Training to relevant employees related to FATF Grey List changes, implications, and the associated compliance requirements.
FATF Identifies Jurisdictions Requiring Increased Monitoring as of 19th June 2026, including
- Angola
- Bolivia
- Bosnia and Herzegovina
- Bulgaria
- Cameroon
- Côte d’Ivoire
- Democratic Republic of Congo
- Haiti
- Iraq
- Kenya
- Kuwait
- Laos
- Lebanon
- Monaco
- Nepal
- Papua New Guinea
- South Sudan
- Syria
- Venezuela
- Vietnam
- Virgin Islands (UK)
- Yemen
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