🔹 Grey List (Increased Monitoring) now stands at 22 jurisdictions

➕ Added: Iraq and Bosnia & Herzegovina

✔️ Removed: Algeria and Namibia (action plans completed)

🔹 Black List (Call for Action) unchanged: Iran, North Korea (DPRK) and Myanmar

What this means for DNFBPs and Insurance sector entities:

▪️ Refresh your country-risk ratings and Enterprise-Wide Risk Assessment (EWRA) to reflect the latest listings

▪️ Apply Enhanced Due Diligence (EDD) to customers, beneficial owners and counterparties connected to grey-listed jurisdictions — verify source of funds and source of wealth

▪️ Update sanctions and adverse-media screening parameters within 30 days of the plenary

▪️ Avoid blanket de-risking — FATF expects a proportionate, risk-based response, not wholesale exit

Whether you operate in precious metals, real estate, corporate services, accounting, or life insurance and insurance intermediation, these changes should flow directly into your screening, onboarding and ongoing monitoring controls.

Need support updating your EWRA, screening framework or country-risk methodology? Winnow's compliance team is here to help.