FATF adds Bosnia, Iraq to grey list

The Financial Action Task Force (FATF) has added Bosnia and Herzegovina and Iraq to its 'grey list' of jurisdictions subject to increased monitoring due to strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes. The designation requires these countries to work with the FATF to address identified shortcomings or face potential countermeasures. Both nations now join a list that includes jurisdictions under enhanced scrutiny for financial crime vulnerabilities.