June 2026: FATF Grey List Changes – Bosnia and Herzegovina, Iraq Added and Algeria, Namibia Removed
Executive Summary:
- Grey List: Bosnia and Herzegovina, Iraq Added and Algeria and Namibia removed from the FATF Jurisdictions Under Increased Monitoring (Grey List)
- Impact: Revised compliance obligations would apply to these
- Actions now:Update country risk assessments and provide front-line staff with targeted guidance and training.
Bosnia and Herzegovina and Iraq Added and Algeria and Namibia Removed from the FATF Grey List: 19th June 2026
19th June marks the completion of the second FATF plenary meeting of 2026, which brings forward several modifications to the list of “Jurisdictions under Increased Monitoring”, also known as “Grey List”. As per the update, Bosnia and Herzegovina and Iraq have been added to the Grey List and Algeria and Namibia have been removed from the Grey List.
The Financial Action Task Force (FATF) plays a crucial role by setting international standards to counter Money Laundering (ML), Terrorism Financing (TF), and Proliferation Financing (PF) and acts as the global watchdog.
The FATF Grey List identifies the jurisdictions which have weak AML/CFT/CPF frameworks requiring immediate action to manage risks, such as jurisdictional risks, and align them with the compliance requirements.
The FATF Grey List identifies jurisdictions with strategic deficiencies in their AML/CFT/CPF Frameworks. Businesses must assess these jurisdictional risks and implement the appropriate controls to align with the evolving regulatory expectations.
Recent Updates to the Financial Action Task Force Grey List on 19th June 2026
The following are the updates made to the FATF Grey List as of 19th June:
FATF Grey List (Jurisdictions Under Increased Monitoring) Revision: Bosnia and Herzegovina and Iraq Added and Algeria and Namibia Removed Countries on 19th June 2026
The FATF has added Bosnia and Herzegovina and Iraq to the FATF Grey List and removed Algeria and Namibia from the jurisdictions under increased monitoring list.
The Latest FATF Grey List as of 19th June 2026: Jurisdictions Under Increased Monitoring as of 19th June 2026
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
Immediate Actions to be Undertaken by Relevant Persons Following FATF Grey List June 2026 Update
The UK’s AML/CFT Framework requires Relevant Persons to closely monitor FATF developments and assess their impact on existing compliance obligations.
The FATF Grey List updates are issued following the plenary meetings, which are held three times a year, necessitating businesses to regularly review and update their AML/CFT controls, risk assessments, and due diligence measures.
The following measures should be undertaken to ensure compliance:
Update AML, CFT, and CPF Policies and Procedures
Relevant Persons should review and update their internal AML, CFT, and CPF Policies and procedures to reflect the latest FATF Grey List changes and ensure continued alignment with regulatory expectations.
Reassess Country Risk Exposure
Relevant Persons should update their geographical risk exposure and Firm-Wide Risk Assessment to include and reflect the FATF Grey List update.
Perform Enhanced Due Diligence
Relevant Persons should incorporate the FATF Grey List to update the Enhanced Due Diligence (EDD). Additionally, they must conduct the same for customers associated with jurisdictions listed in the FATF Grey List.
Enhance Ongoing Monitoring
Relevant Persons must integrate ongoing monitoring as a compliance obligation reflecting the addition of Bosnia and Herzegovina, Iraq and the removal of Algeria and Namibia as per the FATF Grey List update.
Increase Staff Awareness and Training
Relevant Persons should provide targeted training and guidance to employees on the implications of the FATF Grey List update enabling frontline staff to effectively identify, assess, and escalate potential ML, FT, and PF risks.
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