FATF updates its consolidated assessment ratings – a notable development is the removal of Jamaica and Turkey from the grey list

Jamaica successfully implemented a 13-point action plan addressing deficiencies like preventing misuse of legal entities and improving its AML/CFT measures. Turkey enhanced its supervision of vulnerable sectors like banking and cryptocurrency, leading to its removal from the grey list as well. Additionally, FATF has revised its methodology to strengthen asset recovery and international cooperation standards, requiring countries to prioritize confiscating criminal assets and improving cross-border collaboration​. These should be read in conjunction with the detailed Mutual Evaluation Reports, which are available on this website…