The Financial Action Task Force (FATF) has announced its latest updates to the Grey List, identifying jurisdictions with strategic deficiencies in their frameworks for combating money laundering, terrorist financing, and proliferation financing. The recent plenary session saw Laos and Nepal added to the list, while the Philippines exited after implementing significant regulatory improvements.
For businesses operating in these jurisdictions, Grey Listing introduces a series of complex challenges—heightened regulatory scrutiny, restricted banking access, prolonged transaction approvals, and declining investor confidence. These developments not only impact financial operations but also shape global perceptions of a jurisdiction’s economic and regulatory stability.
In a recent article, our colleague Dorina Mastora explores the far-reaching implications of the FATF Grey List, analyzing how these regulatory assessments influence financial ecosystems and the broader economic outlook of affected jurisdictions. By prioritizing compliance, staying agile with regulatory expectations, and conducting thorough risk assessments, companies can turn regulatory challenges into opportunities for long-term growth and financial resilience.
Read the full analysis which is available on Lexology and Mondaq to understand how these developments are reshaping international business and financial relations.