Revisions to the FATF Standards aimed at enhancing the security of cross-border payments—in line with the G20 initiative to make payments faster, cheaper, more transparent, and more accessible—were also approved during this meeting.
Note: The last update to the list dates back to February 2025 – see our dedicated article.
Jurisdictions under Increased Monitoring (Grey List)
Croatia, Mali, and Tanzania have been removed from the list of jurisdictions under increased monitoring following successful on-site assessments.Meanwhile, Bolivia and the British Virgin Islands (BVI) have been added to the list.
Full list: Algeria, Angola, Bolivia, Bulgaria, Burkina Faso, Cameroon, Côte d’Ivoire, Democratic Republic of Congo, Haiti, Kenya, Lao PDR, Lebanon, Monaco, Mozambique, Namibia, Nepal, Nigeria, South Africa, South Sudan, Syria, Venezuela, Vietnam, British Virgin Islands, Yemen.
High-Risk Jurisdictions (Blacklist)
Three countries remain subject to FATF’s highest level of monitoring due to strategic deficiencies: The Democratic People’s Republic of Korea (DPRK), Iran and Myanmar.The FATF calls on its members to apply enhanced due diligence measures, including countermeasures where appropriate.
Lastly, the suspension of the Russian Federation remains in place, as confirmed in FATF’s February 2024 statement.
Focus on certain jurisdictions under enhanced surveillance: Monaco, BVI, South Africa
Among the jurisdictions on the enhanced scrutiny list, you will find below a status update on Monaco, the BVI and South Africa:Monaco
Since June 2024, Monaco has made a high-level political commitment to improve the effectiveness of its AML/CFT regime. Notable progress has been achieved, including:
- Strengthened understanding of money laundering and international tax fraud risks,
- Enhanced sanctions for breaches of transparency and beneficial ownership obligations,
- Review of sentencing practices related to money laundering.
Remaining priorities:
- Increase outbound requests for international cooperation and asset recovery;
- Enhance application of sanctions for AML/CFT violations;
- Finalise resourcing of the Financial Intelligence Unit (FIU) and improve the quality of suspicious transaction reports (STRs);
- Strengthen judicial effectiveness through increased prosecutorial resources;
- Increase seizures of assets suspected of criminal origin.
British Virgin Islands (BVI)
Since June 2025, the BVI has committed to improving its AML/CFT framework with the support of FATF and CFATF. Key progress includes:
- Adoption of a counter-terrorist financing (CFT) strategy,
- Risk assessment of the non-profit organisation (NPO) sector,
- Improved financial supervision.
Next steps:
- Strengthen risk-based supervision of trust and company service providers, virtual asset service providers, and investment firms;
- Ensure accurate and up-to-date beneficial ownership information is accessible to competent authorities;
- Improve the quality and risk alignment of suspicious activity reports (SARs);
- Systematically pursue ML investigations and prosecutions;
- Enhance seizure and confiscation of criminal proceeds;
- Implement a new framework for the management of seized assets.
South Africa
The FATF has acknowledged that South Africa has substantially completed its action plan, paving the way for an on-site assessment.
Key reforms implemented:
- Increased international cooperation requests and asset seizures;
- Improved supervision of designated non-financial businesses and professions (DNFBPs);
- Faster access to beneficial ownership information;
- Increased investigations and prosecutions of complex money laundering cases;
- Enhanced freezing and confiscation mechanisms;
- Updated TF risk assessment to support a coherent national CFT strategy.
For more information, please contact office@rosemont-mc.com.