Which FATF initiative identifies jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes, subjecting them to increased monitoring?
- Blacklist
- Grey List
- White List
- Red List
Answer: Grey List
The 'Grey List' (officially: Jurisdictions under Increased Monitoring) includes countries committed to addressing AML/CFT deficiencies within agreed timeframes. Being listed can affect international financial transactions and reputation, incentivizing reforms to meet FATF standards.