Gibraltar has achieved the notable accomplishment of being removed from the Financial Action Task Force (FATF) gray list. In addition to Gibraltar, Uganda, Barbados, and the United Arab Emirates were also delisted. The FATF plenary meeting acknowledged the significant progress made by all four jurisdictions in addressing issues related not only to money laundering but also to the financing of terrorism. Gibraltar, in particular, worked diligently over two years to rectify identified shortcomings.
Earlier evaluations had revealed deficiencies in these areas. Each of the four countries collaborated with the FATF, agreeing to an action plan that outlined specific issues to be addressed within stipulated timelines, and they successfully fulfilled their commitments.
However, during the same plenary meeting, Kenya and Namibia were added to the FATF gray list.
