The financial action task force (FATF) has released new updates following its February 2025 Plenary, including changes to the grey list. Here is what designated non-financial businesses and professions (DNFBPs) need to know:

🔹Added to the Grey List: The FATF has placed Lao People’s Democratic Republic (LDPR) and Nepal under increased monitoring, requiring them to address key AML/CFT deficiencies.

🔹Removed from the Grey List: The Philippines has successfully completed its Action Plan, demonstrating significant improvements in its AML/CFT framework. As a result, it is no longer under increased monitoring but will continue working with the Asia Pacific Group on Money Laundering to sustain its progress.

Key AML Compliance Measures for your Business after the FATF Plenary Updates

Enhanced Due Diligence: Customers and transactions from the high-risk countries now require additional verification, risk assessment, and monitoring.

Reviewing Business Relationships: Conduct risk-based screening of clients and partners connected to high-risk jurisdictions.

Updating AML Policies: Ensure internal policies align with the latest FATF recommendations to avoid regulatory scrutiny.

Strengthening Ongoing Monitoring: Keep track of potential changes in global or local sanctions and financial transactions from high-risk countries.

How FinchSCAN Can Help:

✅ Real-Time Name Screening: Instantly screen clients, partners, and vendors against the latest sanctions, watchlists, and PEP databases. Our risk intelligence dataset is constantly updated for enhanced screening.

✅ Ongoing Monitoring: Stay ahead of threats with FinchSCAN’s automated monitoring feature. Get real-time alerts on changes in sanctions, PEP status, or adverse media of your clients, keeping your business up to date with regulatory changes.

✅ Regulatory Reports: Generate and export reports for Suspicious Activity Reports (SARs), Suspicious Transaction Reports (STRs) with formats aligned with local regulatory requirements.

✅ Audit Reports: Maintain a complete audit trail with detailed screening logs and watchlist update reports, improving transparency, traceability, and readiness for regulatory audits.

To explore more about FinchSCAN, please visit our website: www.finchscan.com