High-risk countries – update to the FATF lists

IPA Insolvency Practitioner newsletter, March 2026

The Financial Action Task Force (FATF) update their ‘black’ & ‘grey’ lists of countries (those with weak measures to combat money laundering and terrorist financing) three times a year. February 2026 saw the latest update of the lists.

There is no change to the black-listed countries which remain Iran, Norh Korea and Myanmar. There have been two additions to the grey-list, Kuwait and Papua New Guinea. In any cases where there are dealings with countries in the list, or directors, shareholders or creditors are from a black or grey listed country, this must be treated as high-risk for AML purposes with Enhanced Due Diligence undertaken to understand and be able to manage any heightened risks effectively.

The list is next due for review in June and then again in October.

Read more information from FATF here.