FATF plenary updates: Timeline

Every few months, the Financial Action Task Force (FATF) makes decisions that affect you and your teams’ risk models, onboarding checks, and board reporting: a country is added to the grey list, a FATF Recommendation is revised, or a new typology is flagged. Compliance teams are expected to respond. Keeping track of what changed, and when, across years of plenary meetings is not always easy.

This page is a dedicated running record of every FATF plenary from 2022 to the present. It brings together ComplyAdvantage’s coverage of every FATF plenary into a single, running timeline, so you can see the full picture at a glance.

What is the FATF?

The FATF sets global best practice standards for anti-money laundering (AML) and countering the financing of terrorism (CFT), and meets in plenary three times a year to agree on the changes that shape those standards. Each plenary can move countries on or off the grey list, update the FATF Recommendations, adopt mutual evaluation reports, and set new strategic priorities.

What is a FATF plenary?

A plenary is the FATF’s main decision-making meeting. Delegates from the organization’s global network of more than 200 jurisdictions gather to review progress, agree on policy, and confirm changes to the FATF standards. The plenary year runs from July to June. Decisions taken in plenary, such as grey list changes or revisions to the Recommendations, inform best practices in national regulation and the risk-based controls that firms are expected to implement.

FATF grey list changes at a glance

The table below summarizes additions to, and removals from, the FATF’s list of jurisdictions under increased monitoring at each plenary. The full details for each meeting, including strategic initiatives and guidance updates, follow below.

Note: In October 2022, the FATF also added Myanmar to the black list (its list of high-risk jurisdictions subject to a call for action), joining the Democratic People’s Republic of Korea and Iran. There have been no black list changes since.

FATF plenary June 2026: Grey list changes and the incoming UK Presidency

The sixth and final plenary under the Mexican Presidency of Elisa de Anda Madrazo took place in Paris from June 17 to 19, 2026. The key changes include:

• Grey list: Bosnia and Herzegovina and Iraq were added; Algeria and Namibia were removed, leaving 22 jurisdictions under increased monitoring.
• Recommendation 6 was strengthened to protect humanitarian assistance from the unintended effects of sanctions.
• A public consultation opened on guidance for the strengthened cross-border payment transparency Standard, Recommendation 16.
• The mutual evaluation reports for Canada and Türkiye were adopted.
• Leadership transition: the UK Presidency of Giles Thomson begins July 1, 2026, alongside a new Vice-President and a new Global Strategy Group.

FATF plenary February 2026: Grey list additions and a new President-designate

The fifth plenary under the Mexican Presidency ran from February 11 to 13, 2026.

• Grey list: Kuwait and Papua New Guinea were added to the list of jurisdictions under increased monitoring.
• Mutual evaluations: The first three reports under the new assessment round were adopted, covering Austria, Italy, and Singapore.
• New strategic publications were approved on cyber-enabled fraud and on virtual asset risks, including offshore VASPs, stablecoins, and unhosted wallets.
• Giles Thomson of the United Kingdom was confirmed as the incoming FATF President for the 2026 to 2028 term.

FATF plenary October 2025: Four grey list removals and an AI horizon scan

The fourth plenary under the Mexican Presidency took place in Paris from October 22 to 24, 2025.

• Grey list: There were no additions, though four countries were removed: 
  • Burkina Faso
  • Mozambique, 
  • Nigeria
  • South Africa
• New guidance was adopted to strengthen global asset recovery.
• The FATF announced a Horizon Scan on the use of generative and agentic artificial intelligence (AI) in financial crime, including deepfake-enabled fraud.
• The mutual evaluation reports for Belgium and Malaysia were adopted for publication in December 2025.
• Jamaica and Nigeria joined as guest jurisdictions, alongside Kenya.

FATF plenary June 2025: Grey list changes at the joint FATF-MONEYVAL plenary

The third plenary under the Mexican Presidency of Elisa de Anda Madrazo was a joint FATF-MONEYVAL meeting, hosted at the Council of Europe in Strasbourg and concluding on June 13, 2025.

• Grey list: Bolivia and the British Virgin Islands were added; Croatia, Mali, and Tanzania were removed following successful on-site visits.
• The plenary approved changes to the FATF Standards to improve the safety and security of cross-border payments, supporting the G20 initiative to make payments faster, cheaper, and more transparent.
• MONEYVAL’s mutual evaluation of Latvia was adopted; the first evaluation under the new round focused on effectiveness.
• The suspension of the Russian Federation’s membership remained in effect.

FATF plenary February 2025: Grey list changes and updated guidance

The second plenary under the Mexican Presidency of Elisa de Anda Madrazo took place in Paris in February 2025.

• Grey list: Laos and Nepal were added; the Philippines was removed.
• Recommendation 1 was amended to support financial inclusion through a risk-based approach, with a consultation opened on payment transparency under Recommendation 16.
• A new report was announced on using financial intelligence to detect live-streamed child exploitation and sextortion, launched on March 13, 2025.
• Giles Thomson of the United Kingdom was selected as the next FATF Vice-President, succeeding Jeremy Weil of Canada.
• Kenya joined as a guest jurisdiction, the first from the Eastern and Southern Africa Anti-Money Laundering Group, alongside the Cayman Islands and Senegal.

A guide to the FATF grey list

Tracking which countries moved is one thing; knowing what to do about it is another. This guide explains what a grey listing signals, what FATF assessments actually measure, and how to translate a jurisdiction's status into your country risk scoring and due diligence.

Download now

FATF plenary October 2024: Grey list changes and the end of the fourth evaluation cycle

The first plenary under the Mexican Presidency of Elisa de Anda Madrazo took place in Paris in October 2024.

• Grey list: Algeria, Angola, Côte d’Ivoire, and Lebanon were added; Senegal was removed.
• The FATF completed its fourth cycle of mutual evaluations, adopting the final reports for Argentina and Oman.
• Guidance updates were advanced on financial inclusion, focused on Recommendation 1, and on national risk assessments.
• The FATF continued work to strengthen global network cooperation and gender diversity, including a second mentorship round.
• Russia’s suspension remained in effect.

FATF plenary June 2024: Grey list changes and new priorities

The sixth and final plenary under the Singapore Presidency of T. Raja Kumar concluded in Singapore on June 28, 2024.

• Grey list: Monaco and Venezuela were added; Jamaica and Türkiye were removed.
• Revised International Cooperation Review Group (ICRG) criteria and assessment methodology changes were approved ahead of the next evaluation cycle.
• The incoming Mexican Presidency set out its priorities: financial inclusion, asset recovery, beneficial ownership, and virtual assets.
• The FATF completed a review of gatekeeper professions and prepared its fifth annual update on virtual asset implementation.

FATF plenary February 2024: Grey list changes and beneficial ownership guidance

The fifth plenary under the Singapore Presidency of T. Raja Kumar took place in Paris from February 21 to 23, 2024.

• Grey list: Kenya and Namibia were added; Barbados, Gibraltar, Uganda, and the United Arab Emirates were removed.
• Updated guidance on beneficial ownership was finalized following the revision of Recommendation 25.
• The FATF advanced work on virtual assets, payment transparency, and protecting non-profit organizations from terrorist financing (TF) abuse.
• Elisa de Anda Madrazo of Mexico was confirmed to assume the FATF Presidency from July 1, 2024.
• The FATF issued an expanded statement on the risks posed by the Russian Federation.

FATF plenary October 2023: Grey list changes and a new member

The fourth plenary under the Singapore Presidency of T. Raja Kumar took place in Paris from October 25 to 27, 2023.

• Grey list: Bulgaria was added; Albania, the Cayman Islands, Jordan, and Panama were removed.
• Indonesia was welcomed as the FATF’s 40th member.
• Revised standards on asset recovery and international cooperation were adopted.
• Strategic initiatives covered non-profit abuse, crowdfunding for TF, cyber-enabled fraud, and the misuse of citizenship- and residency-by-investment programs.
• Russia’s suspension remained in effect.

FATF plenary June 2023: Grey list additions and upcoming initiatives

The third plenary under the Singapore Presidency of T. Raja Kumar took place in Paris from June 21 to 23, 2023.

• Grey list: Cameroon, Croatia, and Vietnam were added, with no removals; on-site visits were approved for Albania, the Cayman Islands, Jordan, and Panama.
• Luxembourg’s mutual evaluation report recognized a high level of technical compliance.
• The FATF confirmed a roadmap to publicly identify jurisdictions’ progress on virtual asset regulation.
• A revision of the guidance on protecting non-profit organizations under Recommendation 8 was opened for public consultation.

FATF plenary February 2023: Grey list additions and the suspension of Russia

The second plenary under the Singapore Presidency of T. Raja Kumar took place in Paris from February 22 to 24, 2023.

• Grey list: Nigeria and South Africa were added.
• The FATF suspended the membership of the Russian Federation, the first time a member had been suspended.
• Guidance on beneficial ownership was finalized under Recommendation 24, with further updates confirmed for Recommendation 25.
• Strategic priorities included disrupting ransomware flows, virtual assets, and the risks in the art and antiquities markets.

FATF plenary October 2022: A black list addition and grey list changes

The first plenary under the Singapore Presidency of T. Raja Kumar took place in Paris on October 20 and 21, 2022.

• Black list: Myanmar was added, joining the Democratic People’s Republic of Korea and Iran.
• Grey list: The Democratic Republic of the Congo (DRC), Mozambique, and Tanzania were added; Nicaragua and Pakistan were removed.
• The FATF placed further restrictions on Russia’s remaining role, including exclusion from project teams and regional body meetings.
• Strategic initiatives covered asset recovery, beneficial ownership, and guidance on disrupting illegal fentanyl trafficking.

FATF plenary June 2022: Grey list changes and upcoming strategic initiatives

This plenary, held from June 14 to 17, 2022, marked the close of the German Presidency of Marcus Pleyer.

• Grey list: Gibraltar was added due to weaknesses in its gambling sector; Malta was removed after about a year.
• The FATF confirmed that the mutual evaluation reports for Germany and the Netherlands would follow.
• The FATF moved to severely limit Russia’s role and influence, stripping it of leadership positions.
• Work continued on strengthening beneficial ownership transparency across the Recommendations.