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FATF updates grey listing criteria to increase focus on risk

Published on: 18 October 2024

Published by LNB News

LNB News 18/10/2024

Document Information

Issue Date: 18 October 2024

Published Date: 18 October 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Action Task Force (FATF) has revised its criteria for listing countries in aims at easing pressures on the least developed nations and focus on those that present higher risks to the global financial system. The FATF states its changes will ensure the listing process better targets the countries that pose the greatest risk to the international financial system, while also providing better support to low capacity nations.

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