FATF Plenary and Working Group Meetings 2025

October 2025

A summary of the issues discussed and decided by the Plenary in October 2025.

"Black List" : The FATF did not add any new jurisdictions to the list of High-Risk Jurisdictions subject to a Call for Action. These high-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.

Jurisdictions subject to a FATF call to apply countermeasures

Democratic People's Republic of Korea (DPRK) - The FATF reiterates its concerns over DPRK’s continued failure to address the significant deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) regime and the serious threats posed by the DPRK’s illicit activities related to the proliferation of weapons of mass destruction and its financing. In particular, the FATF notes that the DPRK has increased connectivity with the international financial system, which raises proliferation financing risks. The FATF reiterates the need for all countries to robustly implement the targeted financial sanctions in accordance with UNSC Resolutions and apply the following countermeasures:

Terminate correspondent relationships with DPRK banks;
Close any subsidiaries or branches of DPRK banks in their countries; and
Limit business relationships & financial transactions with DPRK persons.

Iran - In September 2025, Iran informed the FATF that it had ratified the Palermo Convention, but the FATF considers Iran’s reservations to be overly broad and its domestic implementation not in line with FATF standards. In addition, Iran has not made significant progress on its action plan since 2016. The FATF reminds all jurisdictions of their obligations to address proliferation financing risks emanating from Iran and urges the application of effective countermeasures, such as restricting the establishment of branches and representative offices of financial institutions in or from Iran.

Iran will remain on the FATF high-risk list until the action plan is fully implemented. If Iran ratifies and implements the Palermo and Terrorist Financing Conventions in line with FATF standards, the FATF will consider suspending countermeasures. Additional steps may be considered if no progress occurs.

Jurisdiction subject to a FATF call to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction

Myanmar - When applying enhanced due diligence measures, it is important to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are neither disrupted nor discouraged.

Jurisdictions under Increased Monitoring

"Grey List" (English): The FATF has updated its list of countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing systems, for which the FATF has developed an action plan to address these shortcomings. When the FATF places a country under increased monitoring, it means the country has committed to resolving the identified strategic deficiencies promptly according to agreed timelines and is subject to closer supervision. The FATF does not require the application of enhanced due diligence measures to these countries but encourages its members to consider FATF’s findings in their risk assessments. Therefore, de-risking or cutting off entire classes of customers should not be undertaken; instead, necessary measures should be applied based on a risk-based approach. Furthermore, it must be ensured that flows of funds for humanitarian assistance, legitimate NPO activities, and remittances are not disrupted. Countries should also take into account United Nations Security Council Resolution 2761 (2024), which concerns humanitarian exemptions to asset freeze measures imposed by UN sanctions regimes.

Jurisdiction no longer under increased monitoring – Burkina Faso, Mozambique, Nigeria, and South Africa.

June 2025

A summary of the issues discussed and decided by the Plenary in February 2025.

Jurisdictions subject to a FATF call to apply countermeasures

Terminate correspondent relationships with DPRK banks;
Close any subsidiaries or branches of DPRK banks in their countries; and
Limit business relationships & financial transactions with DPRK persons.

Iran - FATF remains concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system. Until Iran implements the measures required to address the deficiencies identified with respect to countering terrorism-financing in the Action Plan, Iran will remain on the FATF statement on High Risk Jurisdictions subject to a call for action.

Jurisdiction subject to a FATF call to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction

"Grey List": The FATF revised the list of jurisdictions with strategic deficiencies in their approach to preventing and detecting money laundering and terrorist financing and with whom the FATF has developed an action plan to address the identified deficiencies. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. The FATF does not call for the application of enhanced due diligence to be applied to these jurisdictions but encourages its members to take into account the observations made by the FATF in their risk analysis

New jurisdictions subject to increased monitoring – Bolivia, the Virgin Islands (UK).

Jurisdiction no longer under increased monitoring – Croatia, Mali, the United Republic of Tanzania.