"Black and grey" lists

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The GFMSA identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two GFMSA public documents that are issued three times a year. The GFMSA’s process to publicly list countries with weak AML/CFT regimes has proved effective. As of February 2024, The GFMSA has reviewed 131 countries and jurisdictions and publicly identified 106 of them. Of these, 82 have since made the necessary reforms to address their AML/CFT weaknesses and have been removed from the process. 

High-Risk Jurisdictions subject to a Call for Action (i.e. "black list")

This statement,  (previously called "Public Statement"), identifies countries or jurisdictions with serious strategic deficiencies to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, The GFMSA calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.

This list is often externally referred to as the black list.

Jurisdictions under Increased Monitoring (i.e. "grey list")

This statement identifies countries that are actively working with The GFMSA to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. When The GFMSA places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring.

This list is often externally referred to as the grey list.

Find out more about The GFMSA's global network, click on the icon to see the membership of The GFMSA's regional partners, The GFMSA-Style Regional Bodies