Through its nine FATF-Style Regional Bodies (FSRBs), the FATF brings together a global network of 205 jurisdictions, each of which has made a commitment at the highest political level to implement the FATF Recommendations. The findings of assessments are available in the form of Mutual Evaluation Reports (MERs) and Follow-Up Reports (FURs).

To know more, read here https://www.fcctimes.com/2023/09/27/global-anti-money-laundering-and-counter-terrorism-financing-ratings-september-27-2023/

Here are the findings regarding how 26 grey-listed countries performed against each of the FATF’s 40 recommendations:

• 15 grey-listed countries have shown improvement in 75 instances related to the FATF recommendations.
• 8 countries have not made any changes to align with FATF recommendations.
• Since 2016, no mutual evaluations have been conducted for Libya, Yemen, and Syria.

It’s important to note that most of the grey-listed countries are in compliance with the following recommendations:

• Recommendation 9: Financial institution secrecy laws
• Recommendation 21: Tipping-off and confidentiality
• Recommendation 30: Responsibilities of law enforcement and investigative authorities