FATF adds Bolivia and UK Virgin Islands to its grey list, urging risk-based vigilance over blanket de-risking as they address AML/CFT gaps under close watch

FATF calls on jurisdictions under increased monitoring to swiftly implement agreed action plans addressing strategic AML/CFT deficiencies. Countries and institutions are advised to apply a risk-based approach, avoid blanket de-risking, and ensure legitimate financial flows—especially for humanitarian and NPO activities—remain unaffected…