FATF’s Feb 2026 Plenary Outcomes raise the global AML/CFT bar, adding Kuwait and Papua New Guinea to the grey list, updating Iran on the black list, and targeting cyber-enabled fraud and virtual asset risks

The FATF Plenary addresses global illicit finance threats, adopting mutual evaluation reports for Austria, Italy, and Singapore, approving new guidance on cyber-enabled fraud and emerging virtual asset risks, and adding Kuwait and Papua New Guinea to its “grey list” of jurisdictions under increased monitoring. It also appoints UK’s Giles Thomson as FATF President (2026–28) and maintained Russia’s membership suspension, signaling continued vigilance…