FATF June plenary: Algeria and Namibia exit the grey list; Kenya stays on

At its 17 to 19 June plenary in Paris, the last under the Mexican presidency, the FATF removed Algeria and Namibia from the list of Jurisdictions Under Increased Monitoring and added Iraq and Bosnia and Herzegovina, leaving 22 jurisdictions on the grey list. Kenya was not among the exits: it remains under increased monitoring while it completes its action plan, which matters directly for the VASP licensing regime it is finalising, since Travel Rule implementation under the draft VASP Regulations (cpm-2026-0002) is part of Kenya's case for delisting. With South Africa out in May (cpm-2026-0007) and now Algeria and Namibia following, African delistings are becoming a pattern rather than an exception. Six African jurisdictions remain on the list.