What is FATF's' grey list'? The Financial Action Task Force (FATF) is a global money laundering and terrorist financing watchdog and other related threats to the integrity of the international financial system. The FATF updates its standards to combat modern world issues and holds countries that do not comply accountably. The 'grey list' means that a country gets limited access to international loans. Specifically, ?it means the country has committed to resolving swiftly the identified