FATF Grey List Adds Kuwait and Papua New Guinea
Why in the news
The Financial Action Task Force enlarged its watch list by two countries after its plenary session.
Key facts
- New entries: Kuwait and Papua New Guinea.
- List: jurisdictions under increased monitoring, called the Grey List.
- Venue of decision: FATF plenary, Mexico City.
- Total under monitoring: 22.
About the Grey List
Countries on it have strategic deficiencies in tackling money laundering and terrorist financing and are kept under closer watch as they work on those gaps.
| Item | Detail |
|---|---|
| Body | Financial Action Task Force |
| Added | Kuwait, Papua New Guinea |
| Meeting place | Mexico City |
| Countries now listed | 22 |
Exam angle
- Other name: list of jurisdictions under increased monitoring.
- Reason for listing: AML/CFT strategic deficiencies.
- Plenary city: Mexico City.