What is the difference between blacklist and greylist?
The FATF includes countries with significant strategic deficiencies in their AML/CFT regulations on its blacklist.
These nations are deemed high-risk and are subject to enhanced due diligence and countermeasures.
Conversely, countries with strategic deficiencies in their AML frameworks but are committed to working with the FATF to address these issues are listed on the grey list.
Here is the article providing a comprehensive understanding of the FATF grey list and blacklist.