FATF delegates discuss key issues in the fight against money laundering and terrorist financing in Paris on February 24. FATF
Cambodia has been officially removed from the “Money Laundering Grey List” of the Financial Action Task Force (FATF) today, thanks to the Kingdom’s effort in combating money laundering, terrorism financing and weapons proliferation financing, according to the outcomes of the FATF plenary released on February 24.
Cambodia was relisted on the grey list in 2019 by the FATF after it had been removed in 2015.
“Morocco and Cambodia are no longer subject to increased monitoring by the FATF,” it said in its public statement released hours ago.
“Subject to increased monitoring” technically means “grey listed”, according to the FATF’s definition.
Three countries remain on the FATF black list: Democratic People's Republic of Korea, Iran and Myanmar, while more than 20 countries remain on the grey list.
According to the FATF, Cambodia and Morocco have been actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing and weapons proliferation financing.
