On the occasion of its Plenary Session in March 2022, the Financial Action Task Force on Money Laundering (FATF) updated its statements regarding high-risk jurisdictions and jurisdictions under supervision. The Swiss Financial Market Supervisory Authority (FINMA) calls on all financial intermediaries to take the updated information into account in their risk management.

High-risk jurisdictions have significant strategic deficiencies in their anti-money laundering, counter-terrorist financing and proliferation financing regimes. Jurisdictions subject to heightened scrutiny work actively with the FATF to address strategic deficiencies in their anti-money laundering, terrorist financing and proliferation financing regimes.

When the FATF places a jurisdiction under heightened scrutiny, it means that the country has committed to remedying the identified strategic failure quickly, within the agreed timeframe, and that it is subject to heightened surveillance. In circles outside the FATF, this list is often referred to as the “grey list”. The FATF continuously identifies additional jurisdictions with strategic deficiencies in their anti-money laundering, terrorist financing and proliferation financing regimes.