New Delhi, July 16 -- The Financial Action Task Force (FATF) updated its global lists of high-risk and monitored jurisdictions following its plenary meeting, introducing shifts in the compliance monitoring of several nations.

According to a press release on Thursday, the global watchdog removed Algeria and Namibia from its increased monitoring list, while including Bosnia and Herzegovina alongside Iraq in the same category.

"As per the June 19, 2026 FATF public statement, Algeria and Namibia have been removed from the list and Bosnia and Herzegovina and Iraq have been included to this list based on review by the FATF," the release said.

The update follows the FATF plenary held from June 17-19, 2026. The inter-governmental body releases...