The Financial Action Task Force (FATF) has placed Nigeria and South Africa on its list of countries under increased monitoring, commonly known as the grey list, after they failed to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

Cambodia and Morocco meanwhile have been removed from the FATF’s grey list of jurisdictions under increased monitoring after making sufficient progress in improving their respective anti-money laundering and counter financing of terrorism (AML/CFT) regimes covered by their individual action plans.

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