View source for Social:FATF blacklist


The '''FATF blacklist''' (officially known as the "'''Call for action'''")<!-- WP:COMMONNAME seems to still be the "FATF blacklist; but we should be clear in what circles this list is referred to by other names, which implies a "call for action" ASIF action is needed, which is a normative position rather than a purely descriptive one -->,<ref name="fatfterminology1">[https://www.fatf-gafi.org/countries/ FATF nations, Full member nations, Observer nations, Call for action nations (Blacklisted nations), Other monitored jurisdictions (greylisted nations)], FATF, accessed 24 October 2019.</ref> is the common shorthand description for the [[Finance:Financial Action Task Force|Financial Action Task Force]] (FATF) list of "Non-Cooperative Countries or Territories" (NCCTs).<ref name="Introduction-May1">{{cite web |url=http://www.fatf-gafi.org/about/ |title=About FATF |access-date=1 May 2018 |publisher=FATF}}</ref><ref>{{cite journal |last1=Chohan |first1=Usman W. |date=14 March 2019 |title=The FATF in the Global Financial Architecture: Challenges and Implications |journal=International, Transnational & Comparative Law Journal |publisher=UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS) |doi=10.2139/ssrn.3362167 |ssrn=3362167 |s2cid=197804604 }}</ref> The '''FATF blacklist''' has been issued by the FATF since 2000, and lists countries which FATF judges to be non-cooperative in the global fight against [[Finance:Money laundering|money laundering]] and terrorist financing, calling them "Non-Cooperative Countries or Territories" (NCCTs).<ref name="fatfworks">{{cite web|url=http://www.fatf-gafi.org/about/whatwedo/ | title= FATF Works| access-date=1 May 2018| publisher=FATF}}</ref> Although non-appearance on the blacklist was perceived to be a mark of approbation for [[Finance:Offshore financial centre|offshore financial centre]]s (or "tax havens") who are sufficiently well regulated to meet all of the FATF's criteria, in practice, the list included countries that did not operate as offshore financial centres. The FATF updates the blacklist regularly, adding or deleting entries.<ref name="fatfworks" />

FATF describes "High-risk jurisdictions subject to a Call for Action" as having "significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country".<ref>{{Cite web|url=http://www.fatf-gafi.org/countries/#Iran|title=Countries - Financial Action Task Force (FATF)|website=www.fatf-gafi.org}}</ref> As of 21 February 2020, only two countries were on the FATF blacklist: North Korea and Iran

The FATF has been characterized as effective in shifting laws and regulations to combat illicit financial flows. FATF incentivizes stricter regulations through its public noncomplier list, which leads financial institutions to shift resources and services away from the countries on the blacklist. This in turn motivates domestic economic and political actors in the listed countries to pressure their governments to introduce regulations that are compliant with the FATF.<ref>{{Cite book|last=Morse|first=Julia C.|url=https://www.jstor.org/stable/10.7591/j.ctv1hw3x0d|title=The Bankers' Blacklist: Unofficial Market Enforcement and the Global Fight against Illicit Financing|date=2021|publisher=Cornell University Press|isbn=978-1-5017-6151-5|doi=10.7591/j.ctv1hw3x0d}}</ref>

==History==
FATF was established by the [[Organization:G7|G7]] summit that was held in Paris in 1988. Founding stakeholders include the G-7 Heads of State or Government, President of the European Commission and eight other countries.<ref>{{cite web|url=http://www.fatf-gafi.org/about/historyofthefatf/| title=History of FATF|access-date= 1 May 2018| publisher=FATF}}</ref>

The term "non-cooperative" was criticized by some analysts as misleading, as a number of countries on the list simply lacked the infrastructure or resources to cope with relatively sophisticated financial criminals who tried to operate there. Since 2008 the FATF has, at the behest of [[Organization:G20|G20]] leaders, installed a more analytical process of identifying jurisdictions deficient in their anti-money laundering and anti-terrorist financing regimes.<ref name = fatfworks/>

==Primary Works==
One of the main objectives of the FATF is to establish norms and standards of "legal, regulatory and operational measures" to fight against money laundering, terrorist financing and other related threats to the security and integrity of the international financial system. However, FATF "has no investigative authority." FATF works with nation-states to bring legislative changes and regulatory reforms in the aforementioned sectors.<ref name = fatfworks/> In addition, the FATF also provides policy recommendations that meet international standards to countries for combating money laundering and the financing of terrorism and proliferation of weapons of mass destruction. FATF has been providing policy recommendations since 1990 and their recommendations have revised four times since then. FATF also monitors the situations of its members in establishing adequate measures and institutions to fight against money laundering and terrorist financing. FATF also makes sure that it is aware of national-level vulnerabilities of its member states "with the aim of protecting the international financial system from misuse."<ref>{{cite web|url=http://www.fatf-gafi.org/publications/fatfrecommendations/documents/internationalstandardsoncombatingmoneylaunderingandthefinancingofterrorismproliferation-thefatfrecommendations.html| title= Policy Recommendations|access-date=1 May 2018}}</ref>

==Member nations==
===Full members===
According to its official website, there are 38 members of FATF, representing most financial centers around the world.<ref>{{cite web|title=FATF Members and Observers|url=https://www.fatf-gafi.org/about/membersandobservers/|publisher=FATF|access-date=4 July 2019}}</ref>
The list consisted of the following countries:<ref>{{cite web|title=FATF Members and Observers|url=https://www.fatf-gafi.org/about/membersandobservers/}}</ref>
{{div col|colwidth=12em}}
# {{flag|Argentina}}
# {{flag|Australia}}
# {{flag|Austria}}
# {{flag|Belgium}}
# {{flag|Brazil}}
# {{flag|Canada}}
# {{flag|China}}
# {{flag|Denmark}}
# {{flag|EU}}
# {{flag|Finland}}
# {{flag|France}}
# {{flag|Germany}}
# {{flag|Greece}}
# {{flag|Gulf Cooperation Council}}
# {{flag|Hong Kong}}
# {{flag|Iceland}}
# {{flag|India}}
# {{flag|Ireland}}
# {{flag|Israel}}
# {{flag|Italy}}
# {{flag|Japan}}
# {{flag|Republic of Korea  }}
# {{flag|Luxembourg}}
# {{flag|Malaysia}}
# {{flag|Mexico}}
# {{flag|Netherlands}}
# {{flag|New Zealand}}
# {{flag|Norway}}
# {{flag|Portugal}}
# {{flag|Russian Federation}}
# {{flag|Saudi Arabia}}
# {{flag|Singapore}}
# {{flag|South Africa}}
# {{flag|Spain}}
# {{flag|Sweden}}
# {{flag|Switzerland}}
# {{flag|United Kingdom}}
# {{flag|United States}}
{{div col end}}

===Observer nations===
There is currently one FATF observer.<ref>{{cite web|title=FATF Observers|url=http://www.fatf-gafi.org/about/membersandobservers/|publisher=FATF|access-date=5 July 2018}}</ref>

{{div col|colwidth=12em}}
# {{flag|Indonesia}}<ref>{{cite news |url=http://www.thejakartapost.com/news/2018/07/05/indonesia-obtains-fatf-observer-status.html |title=Indonesia obtains FATF observer status |newspaper=The Jakarta Post |date=5 July 2018 |access-date=5 July 2018}}</ref>
{{col div end}}

==FATF Blacklisting reports==
The Blacklist is a term used by the media, which is officially called as "Call for action" nations by the FATF.

===June 2000 report===
The initial list of fifteen countries regarded as uncooperative in the fight against money laundering, was published in June 2000.<ref name=list2000>[http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement22february2013.html FATF Public Statement 22 February 2013: High-risk and non-cooperative jurisdictions]</ref> The list consisted of the following countries:<ref name=list2000/>

{{div col|colwidth=12em}}
# {{flag|Bahamas}}
# {{flag|Cayman Islands}}
# {{flag|Cook Islands}}
# {{flag|Israel}}
# {{flag|Lebanon}}
# {{flag|United States of America}}
# {{flag|Marshall Islands}}
# {{flag|Nauru}}
# {{flag|Niue}}
# {{flag|Panama}}
# {{flag|Philippines}}
# {{flag|Russian Federation}}
# {{flag|Saint Kitts and Nevis}}
# {{flag|Saint Vincent and the Grenadines}}
{{div col end}}

===June 2001 report===
The second FATF report, published in 2001 and including a supplemental report in September, denoted a further eight countries as non-cooperative:
{{div col|colwidth=12em}}
# {{flag|Egypt}}
# {{flag|Grenada}}
# {{flag|Guatemala}}
# {{flag|Hungary}}
# {{flag|Indonesia}}
# {{flag|Myanmar}}
# {{flag|Nigeria}}
# {{flag|Ukraine}}
{{col div end}}

===June 2002 report===
According to June 2002 report from FATF, following countries were listed as NCCTs.<ref>{{cite web|title=June 2002 Report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2001%202002%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

{{div col|colwidth=12em}}
# {{flag|Dominica}}
# {{flag|Egypt}}
# {{flag|Grenada}}
# {{flag|Guatemala}}
# {{flag|Indonesia}}
# {{flag|Marshall Islands}}
# {{flag|Myanmar}}
# {{flag|Nauru}}
# {{flag|Nigeria}}
# {{flag|Niue}}
# {{flag|Philippines}}
# {{flag|St. Vincent and the Grenadines}}
# {{flag|Ukraine}}
{{div col end}}

===June 2003 report===
According to June 2003 report from FATF, the following countries were listed as NCCTs.<ref>{{cite web|title=June 2003 report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2002%202003%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

{{div col|colwidth=12em}}
# {{flag|Cook Islands}}
# {{flag|Egypt}}
# {{flag|Guatemala}}
# {{flag|Indonesia}}
# {{flag|Myanmar}}
# {{flag|Nauru}}
# {{flag|Nigeria}}
# {{flag|Philippines}}
# {{flag|Ukraine}}
{{col div end}}

===July 2004 report===
According to July 2005 report form FATF, the following countries were listed as NCCTs.<ref>{{cite web|title=July 2004 Report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2003%202004%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

{{div col|colwidth=12em}}
# {{flag|Cook Islands}}
# {{flag|Indonesia}}
# {{flag|Myanmar}}
# {{flag|Nauru}}
# {{flag|Nigeria}}
# {{flag|Philippines}}
{{col div end}}

===June 2005 Report===
According to June 2005 report from FATF, the following were listed as NCCTs.<ref>{{cite web|title=June 2005 Report|url=http://www.fatf-gafi.org/media/fatf/documents/reports/2004%202005%20NCCT%20ENG.pdf|publisher=FATF|access-date=2 May 2018}}</ref>

{{div col|colwidth=12em}}
# {{flag|Myanmar}}
# {{flag|Nauru}}
# {{flag|Nigeria}}
{{col div end}}

===June 2006 report===
The seventh list, published in June 2006,<ref>[http://www.fatf-gafi.org/dataoecd/0/0/37029619.pdf Error:- 404 - Financial Action Task Force (FATF)] {{webarchive |url=https://web.archive.org/web/20060715090401/http://www.fatf-gafi.org/dataoecd/0/0/37029619.pdf |date=15 July 2006 }}</ref> listed only the following country as non-cooperative:

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# {{flag|Myanmar}}
{{col div end}}

===June 2007 report===
FATF's Eighth NCCT Review (Annual Review of Non-Cooperative Countries and Territories 2006–2007, dated 12 October 2007) listed no countries as non-cooperative.<ref name="fatf-gafi.org">{{cite web|url = http://www.fatf-gafi.org/dataoecd/14/11/39552632.pdf |title = Annual Review of Non-Cooperative Countries and Territories 2006-2007: Eighth NCCT Review|publisher = Financial Action Task Force (FATF)|url-status = dead|archive-url = https://web.archive.org/web/20081031070853/http://www.fatf-gafi.org/dataoecd/14/11/39552632.pdf|archive-date = 31 October 2008}}</ref> Myanmar (formerly Burma) was removed on 13 October 2006, Nauru on 13 October 2005 and Nigeria on 23 June 2006.<ref name="fatf-gafi.org"/>

===June 2008 report===
FATF identified Uzbekistan, Iran, Pakistan, Turkmenistan, and São Tomé and Príncipe, and the northern part of Cyprus as high risk and non-cooperative.<ref name="fatf2008">[http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatfstatement-20june2008.html FATF Statement - 20 June 2008] Financial Action Task Force (FATF)</ref>

===June 2009 statement===
FATF issued a "public statement" on 25 February 2009 noting concerns and encouraging greater compliance by the following countries:<ref>[http://www.fatf-gafi.org/dataoecd/18/28/42242615.pdf FATF Statement concerning Iran, Uzbekistan, Turkmenistan, Pakistan* and India and Príncipe - 26 June 2009] Financial Action Task Force (FATF)]{{dead link|date=October 2020}}</ref>

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# {{flag|Turkmenistan}}
# {{flag|Uzbekistan}}
# {{flag|São Tomé and Príncipe}}
{{col div end}}

===October 2010 Statement===
The following country has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the FATF to address the deficiencies.<ref>{{cite web|title=FATF Public Statement 2010|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-22october2010.html|publisher=FATF|access-date=2 May 2018}}</ref>

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# {{flag|North Korea}}
{{col div end}}

===October 2011 Statement===
The following countries have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies.<ref>{{cite web|title=FATA Public Statement 2011|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-28october2011.html|publisher=FATF|access-date=2 May 2018}}</ref>

{{div col|colwidth=12em}}
# {{flag|Cuba}}
# {{flag|Bolivia}}
# {{flag|Ethiopia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|Nigeria}}
# {{flag|Sao Tome and Principe}}
# {{flag|Sri Lanka}}
# {{flag|Syria}}
# {{flag|Turkey}}
{{div col end}}

===February 2012 statement===

A total of 17 countries were labeled as high-risk and non-cooperative jurisdictions by FATF. All listed countries below are defined as such; counter-measures were in force only for Iran and the Democratic People's Republic of Korea (DPRK, North Korea).<ref name=blacklist-feb12>{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement-16february2012.html |title=FATF Public Statement - 16 February 2012 |date=16 February 2012 |access-date=6 October 2014 |publisher=FATF}}</ref>

High-risk and non-cooperative countries, to whom counter-measures applied:
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# {{flag|Iran}}
# {{flag|North Korea}}
{{col div end}}

High-risk and non-cooperative countries, not committed to an action plan:

{{div col|colwidth=12em}}
# {{flag|Bolivia}}
# {{flag|Cuba}}
# {{flag|Ethiopia}}
# {{flag|Ghana}}
# {{flag|Indonesia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|Nigeria}}
# {{flag|Israel}}
# {{flag|São Tomé and Príncipe}}
# {{flag|Sri Lanka}}
# {{flag|Syria}}
# {{flag|Tanzania}}
# {{flag|Thailand}}
{{col div end}}

===June 2013===
A total of 14 countries were identified as jurisdictions that have strategic deficiencies that pose a risk to the international financial system.<ref name=blacklist-jun13>{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-june-2013.html |title=FATF Public Statement - 21 June 2013 |date=21 June 2013 |access-date=6 October 2014 |publisher=FATF}}</ref>

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions.

{{div col|colwidth=12em}}
# {{flag|Iran}}
# {{flag|North Korea}}
{{col div end}}

Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

{{div col|colwidth=12em}}
# {{flag|Ecuador}}
# {{flag|Ethiopia}}
# {{flag|Indonesia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|São Tomé and Príncipe}}
# {{flag|Syria}}
# {{flag|Tanzania}}
# {{flag|Turkey}}
# {{flag|Vietnam}}
# {{flag|Yemen}}
{{col div end}}

===October 2013 statement===
A total of 13 countries were identified as jurisdictions that have strategic deficiencies that pose a risk to the international financial system.<ref name=blacklist-oct13>{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatf-public-statement-oct-2013.html |title=FATF Public Statement - 18 October 2013 |date=18 October 2013 |access-date=6 October 2014 |publisher=FATF}}</ref>
{{div col|colwidth=12em}}
# {{flag|Iran}}
# {{flag|North Korea}}
{{col div end}}

Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

{{div col|colwidth=12em}}
# {{flag|Algeria}}
# {{flag|Ecuador}}
# {{flag|Ethiopia}}
# {{flag|Indonesia}}
# {{flag|Kenya}}
# {{flag|Myanmar}}
# {{flag|Tanzania}}
# {{flag|Turkey}}
# {{flag|Yemen}}
{{div col end}}

===February 2014===
A total of 11 countries were identified as jurisdictions with strategic deficiencies posing a risk to the international financial system.<ref name="blacklist-feb14">{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-feb-2014.html |title=FATF Public Statement - 14 February 2014 |date=14 February 2014 |access-date=6 October 2014 |publisher=FATF}}</ref>

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# {{flag|North Korea}}
{{col div end}}

Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

{{div col|colwidth=12em}}
# {{flag|Algeria}}
# {{flag|Ecuador}}
# {{flag|Ethiopia}}
# {{flag|Indonesia}}
# {{flag|Myanmar}}
# {{flag|Syria}}
# {{flag|Israel}}
# {{flag|Yemen}}
{{col div end}}

===June 2014 statement===
A total of 6 countries were identified as jurisdictions that have strategic deficiencies that pose a risk to the international financial system.<ref name="blacklist-jun14">{{cite web |url=http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/public-statement-june-2014.html |title=FATF Public Statement - 27 June 2014 |date=27 June 2014 |access-date=6 October 2014 |publisher=FATF}}</ref>

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# {{flag|Iran}}
# {{flag|North Korea}}
{{col div end}}

Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.

{{div col|colwidth=12em}}
# {{flag|Algeria}}
# {{flag|Ecuador}}
# {{flag|Indonesia}}
# {{flag|Myanmar}}
{{col div end}}

===February 2015 statement===

The FATF identified following countries which have made significant progress in improving its AML/CFT regime and noted that these countries have established the legal and regulatory framework to meet its commitments in its action plan regarding the strategic deficiencies that the FATF had identified. The following countries are therefore no longer subject to the FATF's monitoring process under its on-going global AML/CFT compliance process.<ref>{{Cite web|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/fatf-compliance-february-2015.html|title=Improving Global AML/CFT Compliance: On-going process – 27 February 2015}}</ref>

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# {{flag|Cambodia}}
# {{flag|Kuwait}}
# {{flag|Namibia}}
# {{flag|Nicaragua}}
# {{flag|Zimbabwe}}
{{col div end}}

===October 2015 statement===
The FATF statement issued on 23 October 2015 identified three high-risk and non-cooperative jurisdictions:<ref>{{cite web|title=FATF Public Statement - 23 October 2015|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/public-statement-october-2015.html|publisher=Financial Action Task Force (FATF)|access-date=20 November 2015}}</ref>

Call to apply counter-measures:
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# {{flag|Iran}}
# {{flag|North Korea}}
{{col div end}}

Jurisdictions with strategic deficiencies:
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# {{flag|Myanmar}}
{{col div end}}

===February 2016 statement===
The FATF statement from 19 February 2016 dropped Panama from its gray list,<ref>{{cite web | url=http://www.panamaamerica.com.pa/economia/panama-out-fatf-gray-list-there-still-oecd-1014476 | title=Panama out of FATF gray list, but there is still the OECD | publisher=Panamá América S.A. | date=19 February 2016 | access-date=8 May 2016}}</ref> but there is still the OECD Myanmar from the list identifying two high-risk and non-cooperative jurisdictions:<ref>{{cite web|title=FATF Public Statement - 19 February 2016|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/public-statement-february-2016.html|publisher=Financial Action Task Force (FATF)|access-date=7 May 2016}}</ref>

Call to apply counter-measures:
{{div col|colwidth=12em}}
# {{flag|North Korea}}
{{col div end}}

===February 2017 Statement===
Regarding with North Korea, the FATF released the following concern:

"The terrorism (AML/CFT) regime and the serious threat this poses to the integrity of the international financial system. The FATF urges the DPRK to immediately and meaningfully address its AML/CFT deficiencies. Further, FATF has serious concerns with the threat posed by DPRK's illicit activities related to the proliferation of weapons of mass destruction (WMDs) and its financing."<ref>{{cite web|title=TATF Public Statement 2017|url=http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/public-statement-february-2017.html|publisher=FATF|access-date=2 May 2018}}</ref>

==Current FATF lists==
{{anchor | Current | Current list | Current FATF list }}
<!-- For clarity and to remove any doubts, this these are the current blacklists and greylists. Statements/reports documented above come across as fragmented and leave a scope for doubt as to which nations are currently black/grey listed. Hence, the need for this section. Please keep updating it regularly, and do mention the date of update. -->

===Current FATF blacklist===
{{anchor | blacklist | FATF blacklist | current FATF blacklist }}
As of 2 March 2021, the following countries are on this list:<ref name=fatfterminology1/>

{| class="wikitable sortable"  style="width: 15%;"
|-
! Blacklisted Cl
|-
| North Korea
|-
| [[Religion:Iran|Iran]]
|}

===Current FATF greylist===
{{anchor | greylist | FATF Greylist | Current FATF Greylist }}
As of 18 June 2022, the following 20 countries/territories are on this list:<ref name=fatfterminology1/><ref name="FATF Outcome, June 2021">{{Cite web |url=https://www.fatf-gafi.org/publications/fatfgeneral/documents/outcomes-fatf-plenary-june-2021.html|title=Outcomes FATF Plenary, 20-25 June 2021|publisher=FATF|date=2021-06-25|access-date=2021-06-27}}</ref><ref name="FATF Plenary, June 2021">{{Cite web |url=https://www.fatf-gafi.org/publications/fatfgeneral/documents/plenary-june-2021.html|title=FATF Plenary, June 2021|publisher=FATF|date=2021-06-21|access-date=2021-06-27}}</ref><ref name="June 2021 updates">{{Cite web |url=https://www.regulationasia.com/fatf-plenary-packs-powerful-punch/|title=FATF Plenary Packs Powerful Punch|publisher=Regulation Asia|date=2021-06-25|access-date=2021-06-27}}</ref><ref>{{Cite web |title=Jurisdictions under Increased Monitoring - March 2022 |url=https://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-march-2022.html |access-date=2022-03-05 |website=www.fatf-gafi.org |language=en}}</ref>

{| class="wikitable sortable"  style="width: 15%;"
|-
! Greylisted Cl
|-
| Albania
|-
| Barbados
|-
| Burkina Faso
|-
| Cambodia
|-
| [[Finance:Cayman Islands|Cayman Islands]]
|-
| Haiti
|-
| Jamaica
|-
| Jordan
|-
| Mali
|-
| Morocco
|-
| Myanmar (Burma)
|-
| Nicaragua
|-
| {{wipe|Pakistan}}
|-
| Panama
|-
| {{wipe|Philippines}}
|-
| Senegal
|-
| South Sudan
|-
| [[Place:Syria|Syria]]
|-
| [[Place:Turkey|Turkey]]
|-
| [[Place:United Arab Emirates|United Arab Emirates]]
|-
| Yemen
|}

===FATF review meeting===
The FATF Plenary, the making body, meets three times a year around February, June and October.<ref name=qu1>[https://qrius.com/pakistan-fails-to-meet-terror-finance-watchdogs-action-points-full-details/ Pakistan fails to meet terror finance watchdog's action points], Qrius, 17 June 2019.</ref><ref name="PakGreylisted1">[https://www.brecorder.com/2019/10/22/536596/clear-warning-fatf-statement/ Clear warning: FATF statement], Business recorder, 22 October 2019.</ref> The last review meeting took place between 20 and 25 June 2021 in Paris.<ref name="FATF Outcome, June 2021"/>

* In June 2021, the FATF stated that Mauritius and Botswana completed their action plans and will be subject to on-site visits before being removed from the list in October 2021. 
* Ghana was officially delisted from the grey list following the completion of its action plan and a successful on-site visit by assessors. 
* New jurisdictions that have been added to the grey list include Haiti, Malta, the Philippines and South Sudan.<ref name="FATF Outcome, June 2021"/><ref name="FATF Plenary, June 2021"/><ref name="June 2021 updates"/>
* In March 2022, the United Arab Emirates was added to the grey list, while Zimbabwe was removed from the list.<ref>[https://www.wsj.com/articles/u-a-e-placed-on-global-watch-list-for-money-laundering-terrorism-financing-11646425480 U.A.E. Placed on Global Watch List for Money Laundering, Terrorism Financing], The Wall Street Journal, 4 March 2022. </ref><ref>[https://www.tribuneindia.com/news/world/fatf-retains-pakistan-on-grey-list-adds-uae-375541 FATF retains Pakistan on grey list, adds UAE], Tribune India, 6 March 2022. </ref>

==Other similar lists==
===OECD "grey list"===
[[File:OECD gray list.png|thumb|implementation of the internationally agreed tax standard as of 2011 {{legend|#008000|substantially implemented the standard}} {{legend|#00ff00|committed to the standard, but have not yet substantially implemented it}} {{legend|#ff0000|have not committed to the standard ''(none)''}} {{legend|lightgray|jurisdiction not monitored}}]]

Although its main focus is on tax crime, OECD is also concerned with money laundering and has complemented the work carried out by the FATF.<ref>{{Cite web |url=http://www.oecd.org/document/39/0,3343,en_2649_33767_2499879_1_1_1_37427,00.html |title=Tax and crime - Organisation for Economic Co-operation and Development |archive-url=https://archive.today/20120908203717/http://www.oecd.org/document/39/0,3343,en_2649_33767_2499879_1_1_1_37427,00.html |archive-date=8 September 2012 |url-status=dead}}</ref>

The OECD has maintained a 'blacklist' of countries it considers "uncooperative tax havens" in the drive for transparency of tax affairs and the effective exchange of information, officially called "The List of Uncooperative Tax Havens". Since May 2009, no countries were officially listed as uncooperative tax havens in the light of their commitments to implement the OECD standards.<ref name=oecd2009>[http://www.oecd.org/countries/monaco/listofunco-operativetaxhavens.htm List of Unco-operative Tax Havens] Organisation for Economic Co-operation and Development] n.d., retrieved 7 May 2016</ref>

On 22 October 2008, at an OECD meeting in Paris, 17 countries led by France and Germany decided to draw up a new blacklist of tax havens. It had been asked to investigate around 40 new tax havens where undeclared revenue was hidden and which hosted many of the non-regulated hedge funds that came under fire during the [[Finance:Financial crisis of 2007–08|financial crisis of 2007–08]]. Germany, France, and other countries called on the OECD to add Switzerland to a blacklist of countries which encourage tax fraud.<ref name=glfo>[http://www.euronews.net/2008/10/21/calls-from-17-countries-for-new-tax-haven-blacklist/ Calls from 17 countries for new tax haven blacklist] euronews, world news, 21 October 2008</ref> On 2 April 2009, the OECD published a list of countries, divided into three parts depending on whether they implemented an "internationally agreed tax standard", in select jurisdictions – [[Finance:Tax haven|tax haven]]s or other financial centers of interest.<ref>{{cite web|url=http://www.oecd.org/ctp/42497950.pdf |title=A Progress Report on The Jurisdictions Surveyed by The OECD Global Forum in Implementing The Internationally Agreed Tax Standard |publisher=OECD|date=2 April 2009|page=10}}</ref>

* substantially implemented the standard: [[Religion:Andorra|Andorra]], [[Biology:Anguilla|Anguilla]], Antigua and Barbuda, {{wipe|Argentina}}, Aruba, {{wipe|Australia}}, Austria, Bahamas, Bahrain, Barbados, Belgium, Belize, Bermuda, {{wipe|Brazil}}, British Virgin Islands, Brunei, {{wipe|Canada}}, [[Finance:Cayman Islands|Cayman Islands]],<ref>Bangkok Post, 12 March 2010, p. B5</ref> {{wipe|Chile}}, {{wipe|China}}, Cook Islands, Costa Rica, [[Place:Cyprus|Cyprus]], [[Place:Czech Republic|Czech Republic]], {{wipe|Denmark}}, [[Earth:Dominica|Dominica]], Estonia, {{wipe|Finland}}, {{wipe|France}}, {{wipe|Germany}}, [[Place:Gibraltar|Gibraltar]], Greece, Grenada, Guernsey, [[Place:Hong Kong|Hong Kong]], Hungary, Iceland, {{wipe|India}}, Indonesia, Ireland, Isle of Man, [[Place:Israel|Israel]], Italy, {{wipe|Japan}}, Jersey, {{wipe|South Korea}}, Liberia, [[Finance:Liechtenstein|Liechtenstein]], Luxembourg, Macao, Malaysia, Malta, Marshall Islands, [[Earth:Mauritius|Mauritius]], Mexico, [[Place:Monaco|Monaco]], Montserrat, Netherlands, Netherlands Antilles, [[Earth:New Zealand|New Zealand]], {{wipe|Norway}}, Panama, {{wipe|Philippines}}, {{wipe|Poland}}, Portugal, Qatar, Russia, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Samoa, San Marino, Seychelles, [[Place:Singapore|Singapore]], Slovakia, Slovenia, {{wipe|South Africa}}, {{wipe|Spain}}, Sweden, {{wipe|Switzerland}}, [[Place:Turkey|Turkey]], Turks and Caicos Islands, [[Place:United Arab Emirates|United Arab Emirates]], {{wipe|United Kingdom}}, {{wipe|United States}}, US Virgin Islands, Vanuatu. This is not a complete list, as many countries, including Lebanon, Nigeria and many more are not included in this list.
* committed to the standard, but have not yet substantially implemented it: Nauru, Niue, Guatemala, Uruguay
* have not committed to the standard: none as of October 2009.<ref>{{cite web|url = http://www.oecd.org/dataoecd/50/0/43606256.pdf |title = A Progress Report on The Jurisdictions Surveyed by The OECD Global Forum in Implementing The Internationally Agreed Tax Standard|date = 20 October 2009|url-status = dead|archive-url=https://web.archive.org/web/20091014202853/http://www.oecd.org/dataoecd/50/0/43606256.pdf |archive-date=14 October 2009 |access-date = 5 November 2018}}</ref>

===Global forum compliance===
{{Details|Global Forum on Transparency and Exchange of Information for Tax Purposes}}
The Global Forum on Transparency and Exchange of Information for Tax Purposes reviews and issues reports on compliance of its member tax jurisdictions. The Global Forum's peer review process examines both the legal and regulatory aspects of exchange (Phase 1 reviews) and the exchange of information in practice (Phase 2).{{citation needed|date=May 2016}}

===Other nations regularly accused of terror financing===

Muslim nations such as Bahrain, Qatar, [[Place:Egypt|Egypt]], Saudi Arabia and the [[Place:United Arab Emirates|UAE]] have been also been regularly accused of doing very little to prevent the flow of funds for terror financing in other nations. Bahrain accepts Muslim Brotherhood affiliate [[Religion:Minbar|Minbar]] as n legitimate political player. Qatar directly interacts with militants by financing the ''"United States designated terrorist organisation"'' Hamas and by allowing several ''"designated terrorist"'' units of the [[Religion:Taliban|Taliban]] to maintain their offices in Qatar. Saudi Arabia also collaborates with the Muslim Brotherhood affiliate al-Islah in Yemen. Saudi Arabia and the UAE are pointed out as 'hypocrites', as they too face accusations of not doing enough to stop terror financing, and both nations have links to terrorist organisations in Western Asia.<ref name=TerrorFinAccued1>[https://www.fairobserver.com/region/middle_east_north_africa/qatar-saudi-arabia-uae-terrorism-middle-east-security-news-18271/ Qatar's Links to Terrorism: The War of Narratives], Fair Observer, 21 October 2019.</ref> In March 2022, the [[Finance:Financial Action Task Force|Financial Action Task Force]] (FATF) listed the UAE on a list of jurisdictions subject to increased monitoring, known as its 'grey' list, as the country has been considered non-cooperative in the global fight against money laundering and terror financing.<ref>{{Cite news |last=Barrington |first=Lisa |date=2022-03-04 |title=Financial crime watchdog adds UAE to 'grey' money laundering watch list |language=en |work=Reuters |url=https://www.reuters.com/world/middle-east/fatf-adds-uae-grey-money-laundering-watchlist-2022-03-04/ |access-date=2022-03-15}}</ref><ref>{{Cite news |last=England |first=Andrew |date=2022-03-04 |title=Financial crimes watchdog puts UAE on ‘grey list’ |work=Financial Times |url=https://www.ft.com/content/7b93180f-c4ae-442d-bf71-60e340b736f0 |access-date=2022-03-15}}</ref>

==See also==
* Asia/Pacific Group on Money Laundering
* [[Finance:Hawala|Hawala]]
* [[Finance:Informal value transfer system|Informal value transfer system]]
* Remittance
* [[Finance:Riba|Riba]]
* [[Finance:Offshore financial centre|Offshore financial centre]]
* Terrorism financing

==References==
{{reflist}}

==External links==
* [http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/ FATF "Non-Cooperative Countries and Territories"]
* [http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/more/aboutthenon-cooperativecountriesandterritoriesncctinitiative.html Annual Non-Cooperative Countries and Territories Initiative (NCCT) Reports]
* [http://www.fatf-gafi.org/pages/faq/generalquestions/ FATF's "NCCTs FAQ"]
* [https://www.news18.com/news/india/pakistan-buys-time-till-october-as-fatf-keeps-it-on-grey-list-despite-indias-push-to-blacklist-neighbour-2044657.html】 ]

{{DEFAULTSORT:Fatf Blacklist}}
[[Category:Offshore finance]]
[[Category:Financial regulation]]
[[Category:Tax evasion]]
[[Category:International finance]]
[[Category:Anti-money laundering measures]]
[[Category:Blacklisting]]

{{Sourceattribution|FATF blacklist|1}}