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Vanuatu: no longer a shade of grey

PLN joins the business community to welcome the removal of Vanuatu from the list of high-risk jurisdictions by the Financial Action Task Force (FATF). FATF publicly lists countries that it considers weak in anti-money laundering and combating of terrorism financing and Vanuatu faced some flak after being placed on this list of high-risk jurisdictions in January 2016[1] Removal from the grey list can often make a jurisdiction a more attractive investment destination. For Vanuatu it should also foster enhanced trade and banking relationships with foreign countries. However, just how long it will take for this news to filter down to the banking world outside of Vanuatu remains to be seen. Stren

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