FATF Removes 4 Countries From Watchlist
The intergovernmental Financial Action Task Force (FATF) in October removed South Africa, Nigeria, Mozambique, and Burkina Faso from its “Jurisdictions under Increased Monitoring” list, commonly known as the FATF gray list. The decision followed on-site assessments and noted improvements in the four African countries’ anti-money-laundering (AML) and counter-terror-financing (CFT) frameworks. FATF President Elisa de Anda Madrazo…
