Paris, Nov. 2 -- The Financial Action Task Force (FATF) has removed Bulgaria, Cote d'Ivoire, the Democratic Republic of the Congo (DR Congo) and Monaco from its Grey List after the four jurisdictions completed action plans and introduced reforms to strengthen their anti-money laundering and counter-terrorist financing (AML/CFT) regimes.

FATF President Giles Thomson announced the decisions while addressing a press conference on October 30, following the Plenary meeting held from October 28 to 30 under the United Kingdom's Presidency.

The Plenary also approved a major report on scam compounds, agreed to accelerate its review of virtual asset standards and adopted mutual evaluation reports of Mexico and the United States, which will be pub...