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South Africa, Nigeria, Mozambique, Burkina Faso leave FATF grey list during October 2025 Plenary
Executive Summary:
- October 2025 Plenary outcome: Four exits from FATF’s jurisdictions under increased monitoring.
- Countries: South Africa, Nigeria, Mozambique, Burkina Faso.
- No change: High-risk (call-for-action) list/Blacklist remains as is.
- Next steps: Update AML/CFT Policy and Procedures, Make changes in EWRA, Reassess Customer Risk
South Africa, Nigeria, Mozambique, Burkina Faso leave FATF grey list during October 2025 Plenary
The latest update of FATF requires Reporting Entities to recognize their policies and procedures to ensure that appropriate control measures are applied.
The following are the changes made to the FATF Grey List
– South Africa
– Nigeria
– Mozambique
– Burkina Faso
were removed from the FATF Grey List on 24th October 2025.
The Financial Action Task Force (FATF) is a global standard setter for combating financial crimes such as Money Laundering (ML), Terrorism Financing (TF) and Proliferation Financing (PF).
It is an international body that issues rules for strengthening Anti Money Laundering (AML), Counter Terrorism Financing (CTF) and Counter Proliferation Financing (CPF) frameworks, especially for countries flagged for weak AML/CTF compliance.
The FATF concluded its last plenary session of the year on 24th October 2025, and as part of this update, these countries were removed, and these countries were added.
However, the remaining countries have been retained in the list, indicating the scope for betterment.
Action Items for Reporting Entities Following the FATF Grey List Update on 24th October 2025
Reporting Entities under India AML/CTF regulations need to stay updated with the FATF Grey List. Reporting Entities should take the following actions to stay compliant with the FATF update:
- Adopt Risk Based Approach : Reporting Entities should opt for risk-based approach for ML, TF and PF risk management.
- Update Jurisdictional Risk Assessment: Reporting Entities should conduct a jurisdictional Risk Assessment in line with the updated FATF Grey List.
- Implement Enhanced Customer Due Diligence (ECDD): Reporting Entities should mandate the implementation of Enhanced Due Diligence (EDD) for any new high-risk country added to the update
- Review AML/CTF Policies and Procedures: Reporting Entities should review the Policies and Procedures of the business and align them with the latest FATF update.
- Conduct Enterprise-Wide Risk Assessment (EWRA): Reporting Entities should conduct a EWRA to assess their exposure to ML/TF/PF risks.
- Configure AML Software Parameters: Reporting Entities should set parameters in the software which can detect and escalate high-risk transactions.
FATF Grey List as of 24th October 2025
1. Algeria
2. Angola
3. Bolivia
4. Bulgaria
5. Cameroon
6. Côte d’Ivoire
7. Democratic Republic of Congo
8. Haiti
9. Kenya
10. Laos
11. Lebanon
12. Monaco
13. Namibia
14. Nepal
15. South Sudan
16. Syria
17. Venezuela
18. Vietnam
19. Virgin Islands (UK)
20. Yemen
We are committed to assisting proper enforcement of AML and CFT regulations to regulated entities in India by designing a personalised AML framework – policies, internal controls, and procedures – and ensuring effective implementation of the same.
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