FATF Grey List Update June 2026: Iraq and Bosnia and Herzegovina Added, Algeria and Namibia Removed from the FATF Grey List Countries, 19th June 2026

Executive Summary:

• Removed from Grey List: Algeria and Namibia
• Added to Grey List: Iraq and Bosnia and Herzegovina

FATF Grey List Update June 2026: Iraq and Bosnia and Herzegovina Added, Algeria and Namibia removed from Grey List

FATF has revised its Grey List, adding Iraq and Bosnia and Herzegovina to the list of jurisdictions under increased monitoring and removing Algeria and Namibia from the Grey List, following improvements in their AML/CFT/CPF framework.

The Financial Action Task Force (FATF) functions as a global standard-setter against the crimes of Money Laundering (ML), Terrorism Financing (TF) and Proliferation Financing (PF). It establishes globally recognised standards that shape Anti-Money Laundering (AML), Counter Terrorism Financing (CTF) and Counter Proliferation Financing (CPF) frameworks worldwide.

FATF has announced significant updates to its “Jurisdictions under increased monitoring” list, commonly known as the “FATF Grey List”, following its latest plenary session on 19^th June 2026.

Major Changes in FATF Grey List in June 2026

The latest revisions to the FATF Grey List primarily include the listing of 2 nations and the delisting of no nations.

Newly Listed Jurisdictions in FATF’s Grey List on 19^th June 2026

The jurisdictions that the FATF has newly listed in the Grey List are:

• Iraq
• Bosnia and Herzegovina

Removed Jurisdictions in FATF’s Grey List on 19^th June 2026

The jurisdictions that the FATF has removed from the Grey List are:

• Algeria
• Namibia

The FATF Grey List as of 19^th June 2026: Jurisdictions Under Increased Monitoring as of 19^th June 2026

The updated FATF Grey List is as follows:

1. Angola
2. Bolivia
3. Bosnia and Herzegovina
4. Bulgaria
5. Cameroon
6. Cote d’Ivoire
7. Democratic Republic of Congo
8. Haiti
9. Iraq
10. Kenya
11. Kuwait
12. Laos
13. Lebanon
14. Monaco
15. Nepal
16. Papua New Guinea
17. South Sudan
18. Syria
19. Venezuela
20. Vietnam
21. Virgin Islands (UK)
22. Yemen

Essential Action Plan for Reporting Entities Post FATF Grey List Dated 19^th June 2026

Reporting Entities such as Financial Institutions, Bullion Dealers, and Tranche 2 Businesses under Australia’s AML/CFT regime must attentively monitor changes to the FATF Grey List, as these developments directly impact jurisdictional risk assessment and compliance obligations.

The actions required to remain compliant with FATF developments and AML/CFT reforms are as follows:

• Enterprise-Wide Risk Assessment:Review and update your EWRA to reflect changes in ML/TF/PF risk exposure arising from the revised FATF Grey List.
• Internal Policies, Procedures and Control Framework:Align your AML/CFT/CPF Policies, Procedures and Control frameworks with the updated FATF Grey List requirements.
• Customer Risk Assessment:Reevaluate Customer Risk Assessment for individuals and entities linked to newly listed and delisted jurisdictions.
• Customer Due Diligence:Adjust Customer Due Diligence Measures in line with the updated Grey List, including applying Enhanced Due Diligence (EDD) for higher-risk jurisdictions.
• System Controls: Update AML/CFT monitoring tools and Software configurations to incorporate the revised Grey List and ensure accurate risk flagging.