FATF revises its ‘grey listing’ criteria to place a stronger emphasis on risk assessment, adding Algeria, Angola, Côte d’Ivoire, and Lebanon, while removing Senegal from the list

The FATF has revised its listing criteria to reduce the burden on least developed countries and prioritize high-risk jurisdictions. These changes target countries that pose the greatest risks to the international financial system, while providing added support to low-capacity nations. The reforms could cut the number of low-capacity countries on the list by half in the upcoming cycle…