FATF Maintains Eight African Countries on Grey List into 2026
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The Financial Action Task Force (FATF) continues increased monitoring of eight African jurisdictions at the start of 2026 due to strategic deficiencies in anti-money laundering and counter-terrorism financing frameworks. The grey list designation prompts enhanced due diligence from banks, raising trade finance costs and investment hurdles.
The countries are Algeria (cash reliance, state enterprise opacity), Angola (oil revenue laundering risks), Cameroon (customs/cross-border gaps), Côte d’Ivoire (counter-terrorism near Sahel), Democratic Republic of Congo (mineral cash economy), Kenya (mobile money/terror-financing), Namibia (beneficial ownership), and South Sudan (oil opacity). Grey-listing narrows correspondent banking, development aid, and remittances while hiking sovereign borrowing costs.
Removal requires demonstrated reforms; staying listed hampers capital market access amid tightening global compliance.
