International cooperation

FATF Plenary and Working Group Meetings 2026

February 2026

A summary of the issues discussed and decided by the Plenary in February 2026.

"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 January 2026, Iran provided an update to the FATF on its ratification of the Palermo Convention and TF Convention (“United Nations Convention for the Suppression of the Financing of Terrorism“), but the FATF considers Iran’s reservations to be overly broad and the domestic implementation of the conventions 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 TF 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": 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.

New jurisdictions subject to increased monitoring: Kuwait and Papua New Guinea.