What is the FATF grey list?
The Financial Action Task Force (FATF) is a global money laundering and terrorist financing watchdog.
It evaluates a country’s AML/CFT regulatory regime based on its 40 recommendations.
When countries have strategic deficiencies in their AML regulatory regime, the FATF places them on its grey list.
This also means the country is working with the FATF to comply with the recommendations.
Here is the article providing a comprehensive understanding of the FATF grey list.