I. Background

the Financial Action Task Force (FATF), as the global standard-setting body for anti-money laundering (AML) and counter-terrorist financing (CTF), continuously monitors jurisdictions worldwide with significant deficiencies in their AML/CTF regimes and urges them to address these shortcomings.

The FATF holds three plenary meetings each year to review the progress made by these jurisdictions in improving their AML/CTF systems. Following each plenary meeting, the FATF updates two public documents on its website: the List of High-Risk Jurisdictions subject to a Call for Action, commonly known as the "black list", and the List of Jurisdictions under Increased Monitoring, commonly known as the "grey list".

II. Updates

During its fourth plenary meeting of FATF-XXXIV held in October 2025, the FATF decided to update the public statement on Iran and, simultaneously, recognized the significant progress made by Burkina Faso, Mozambique, Nigeria, and South Africa in improving their AML/CTF systems, agreeing to remove them from the "grey list".

In accordance with the above decision, the FATF has updated the lists of High-Risk Jurisdictions subject to a Call for Action and Jurisdictions under Increased Monitoring, as detailed below.

1. High-Risk Jurisdictions subject to a Call for Action (3)

Democratic People’s Republic of Korea

Iran

Myanmar

For further details, please refer to the FATF website:

https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/Call-for-action-october-2025.html

2. Jurisdictions under Increased Monitoring (20)

Algeria

Angola

Bolivia

Bulgaria

Cameroon

Côte d'Ivoire

Democratic Republic of the Congo

Haiti

Kenya

Lao PDR

Lebanon

Monaco

Namibia

Nepal

South Sudan

Syria

Venezuela

Vietnam

British Virgin Islands

Yemen

For further details, please refer to the FATF website:

https://www.fatf-gafi.org/content/fatf-gafi/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-october-2025.html

III. Requirements

Obliged entities shall pay close attention to changes in the lists above and take corresponding risk management measures in a timely manner in accordance with relevant laws and regulations.