Risky Business

The Financial Action Task Force periodically designates or removes certain countries as Jurisdictions under Increased Monitoring, which is known as the ‘Grey List.’ The EU maintains a separate list of High Risk Third Countries. The United Kingdom, Guernsey and Jersey follow the FATF Grey List.

This guide includes those jurisdictions which have recently been removed from international lists. For a comprehensive approach to money laundering compliance, it is advisable to factor in decisions of international bodies when conducting due diligence.