Reported 11 months ago
Venezuela, currently facing US sanctions, is likely to be added to the Financial Action Task Force's (FATF) 'gray list' for insufficient progress in curbing illicit financial activities. Being on the 'gray list' would lead to increased monitoring and potentially deter foreign investors, adding to Venezuela's existing compliance challenges due to sanctions imposed by the US and the EU. The final decision is expected to be made by June 28, pending approval from a majority of FATF members.
Source: YAHOO