FATF Grey List

The Financial Action Task Force's 'Jurisdictions under Increased Monitoring' list — informally the 'grey list' — identifies countries with strategic deficiencies in their anti-money-laundering (AML) and counter-financing-of-terrorism (CFT) regimes. Grey-listed countries commit to FATF action plans to fix the deficiencies. Listing triggers enhanced due diligence by global banks and often visible friction for the country's nationals opening foreign accounts, sending international wires, or qualifying for investment visa programmes. Pakistan, Turkey, the UAE, the Philippines, and South Africa have recently been on or recently exited the grey list. Being fully delisted typically takes 2-5 years of observed progress.