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FATF Grey List

FATF blacklist

  • The FATF blacklist was the common shorthand description for the Financial Action Task Force list of “Non-Cooperative Countries or Territories” (NCCTs).
  • The FATF blacklist or OECD blacklist has been issued by the Financial Action Task Force since 2000 and lists countries which it judges to be non-cooperative in the global fight against money laundering and terrorist financing, calling them “Non-Cooperative Countries or Territories” (NCCTs).

FATF Grey List

  • FATF’s grey list includes countries that are not doing enough to fight money laundering and terrorist financing.
  • It conveys the impression that a country’s financial system is weak and effective measures aren’t being taken to halt money laundering or financing groups that have been banned for indulging in terrorist activities.
  • Countries placed on these lists see a decrease in foreign investment and foreign companies hesitate to invest considering the potential ties to terrorist activities.
  • Foreign loans from IMF, World Bank or Asian Development Bank etc are hit. It could also prove hard to raise debts from international markets.
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