Regulatory Alerts2026-02-27
High-Risk Jurisdictions Update (February 2026)
The Financial Intelligence Agency of Botswana has updated its high-risk and monitored jurisdiction list following the February 2026 FATF plenary meeting, adding Kuwait and Papua New Guinea to the grey list while maintaining Russian Federation suspension. Accountable institutions must apply proportionate enhanced due diligence, maintain continuous business relationship monitoring, and update institutional risk assessments in accordance with the Financial Intelligence Act 2022. Although enhanced due diligence is not strictly mandated for grey-listed jurisdictions, regulated entities must implement these measures to mitigate money laundering, terrorist financing, and proliferation risks.
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