Jurisdictions including Gibraltar, Uganda, Barbados, and the United Arab Emirates were removed from the FATF grey list following the recent Plenary session held from 21-24 February. These countries had shown significant progress in addressing anti-money laundering (AML) and counter-terrorist financing (CTF) issues identified in previous evaluations, and had agreed to and completed action plans within the specified timeframe.
As a result of the successful on-site visits, these jurisdictions will no longer be subject to increased monitoring by the FATF. They will continue to work with their respective regional bodies to strengthen their AML/CTF regimes. In contrast, Kenya and Namibia were added to the grey list during the same Plenary session.
Elisa de Anda Madrazo was appointed as the new president of the FATF for a two-year term, starting from July 1, 2024. Gibraltar had been on the grey list since June 2022 and had been working diligently to address the concerns raised by the FATF. Malta, on the other hand, was successfully removed from the grey list at the same Plenary session.
