Six African countries remain on the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring following the watchdog’s latest update, highlighting continued weaknesses in tackling money laundering and terrorism financing.
The global body, which oversees efforts to combat illicit financial flows, kept Angola, Cameroon, Côte d’Ivoire, Democratic Republic of Congo, Kenya and South Sudan on the notorious “grey list” as of June 2026.
The designation signals deficiencies in national frameworks to counter money laundering, terrorism financing and proliferation financing.
Countries placed on the grey list commit to addressing identified shortcomings within agreed timelines and are subject to enhanced monitoring.
The FATF’s update comes as Africa continues to face significant losses from illicit financial flows. According to UN estimates cited in the report, the continent loses around $88 billion annually due to activities such as money laundering, tax evasion and corruption.
By contrast, no African country is currently listed among the FATF’s “high-risk” jurisdictions, or blacklist, which includes only North Korea, Iran and Myanmar.
