WHAT DOES FATF GREYLISTING MEAN FOR A COUNTRY?
Overview
A short, introductory session explaining what FATF greylisting is, what it means in practice, and what it does and does not involve. The course outlines potential implications for countries, banks, and businesses, with a Papua New Guinea–relevant context.
Audience
General public, business owners, and stakeholders seeking a clear, non-technical explanation. No prior AML/CTF knowledge required.
Scope
This course provides general information only. It does not constitute legal, regulatory, or compliance advice.
-
Chapter 1
-
Module 1 – What the FATF Is and What Greylisting Means
Introduces the Financial Action Task Force (FATF) and explains greylisting.
-
Module 2 – Grey Listing as a Risk Signal
This module explains how FATF greylisting functions as a signal within the global financial system, and what that signal means in the context of Papua New Guinea’s anti-financial crime environment.
-
Module 3 - How the Financial System Views Grey Listing
This module explains how FATF grey listing is interpreted by the financial system, particularly international banks, correspondent banks, investors, remittance providers and other cross-border financial service providers.
-
You will need approximately 30 minutes to complete this module.
This module contains video and audio. We suggest using headphones.
For the best user experience, this course is best undertaken from a PC or laptop.
Course summary
In this 30-minute session, participants will understand:
how the global anti-financial crime framework operates
why countries may enter increased monitoring
what greylisting signals mean for PNG’s financial system
how international financial institutions interpret those signals
and how practitioners contribute to the credibility and effectiveness of the system.
By the end of the course, participants should feel informed and better equipped to engage in conversations about greylisting.
