FATF Adds 2 Countries to Grey List, 6 African Nations Still Under Monitoring

The FATF added Bosnia and Herzegovina and Iraq to its grey list at its June 2026 plenary, while removing Algeria and Namibia. Six African countries including Kenya remain under increased monitoring, meaning crypto and fintech firms face stricter compliance demands when dealing with those markets.

• 22 jurisdictions now on the FATF grey list after Bosnia and Herzegovina and Iraq were added
• Algeria and Namibia removed after completing anti-money laundering reforms
• 6 African countries remain: Angola, Cameroon, Cote d'Ivoire, DRC, Kenya, and others
• Crypto firms must apply enhanced due diligence when transacting with grey-listed countries
• No blanket sanctions are called for, but compliance risks are higher for these markets

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