Gibraltar has been removed from Financial Action Task Force’s grey list together with Barbados, United Arab Emirates and Uganda.

Kenya and Namibia join it and Iran and the Republic of Korea are on a watchlist.

At a press conference which followed a three day plenary session and working meetings, the President of the FATFannounced Gibraltar had made “significant progress” and completed its action plan.

The Chief Minister says the hugely significant development reflects and acknowledges Gibraltar’s unwavering commitment to meeting international standards in combatting money laundering and terrorist financing. 

He adds the recognition reaffirms Gibraltar’s status as a responsible and transparent financial centre, dedicated to upholding the highest standards of compliance with international obligations. 

Minister for Trade and Industry, Nigel Feetham says there’s been a lot of hard work which has focused not only on delisting, but on planning for the next evaluation, in three 3 years, to ensure we remain fully in line with the FATF standards.