Global financial crime FATF watchdog adds Iraq and Bosnia to ‘grey list’

The global Financial Action Task Force watchdog added Iraq and Bosnia ​on Friday to its ‘grey list’ of ‌countries that need increased monitoring in terms of their efforts to tackle money laundering and ​financial crime.
“The Plenary added Bosnia and ​Herzegovina to the grey list, as work ⁠is needed to strengthen its defences ​against criminals and terrorists abusing its financial ​system and ensure effective supervision of the banking sector,” said FATF president Elisa de Anda Madrazo ​in a statement.

“Iraq has also been ​added to the grey list as work is needed ‌to ⁠tackle risks related to cash, increase money laundering and terrorist financing investigations and enhance the use of financial information,” she ​added.
Since taking ​office in ⁠May, Iraqi Prime Minister Ali al-Zaidi has said that rebuilding ​Iraq’s economy, attracting foreign investment, and ​fighting ⁠corruption will be central to his administration’s agenda.
Al-Zaidi is due to visit Washington in ⁠July, ​with the aim of deepening ​strategic ties with the United States.

Article Credit: https://www.reuters.com/world/middle-east/global-financial-crime-fatf-watchdog-adds-iraq-bosnia-grey-list-2026-06-19/