Zenoo Compliance Brief
FATF Adds Kuwait to Grey List Over AML/CFT Gaps
Plus, ACPR fines MoneyGram €1.3m for AML compliance system failures, FinCEN Orders U.S. Banks to Cut Ties With Huione Group, FinCEN proposes sweeping AML/CFT reforms for U.S. financial....
12 March 2026 · 4 min read
Kuwait's grey list designation landed in February, marking a significant shift in how correspondent banks and onboarding teams need to handle Kuwaiti relationships. Beneficial ownership transparency and country risk controls are the sticking points. Separately, MoneyGram took a hit in France, FinCEN's drawn a line under Huione Group, and the regulator's circulated fresh proposals on how financial institutions should structure their AML/CFT programmes. Three separate regulatory pushes that ripple across your KYC, sanctions and compliance operations.
In this edition
- Kuwait just became a compliance project for every bank with Gulf exposure.
- MoneyGram moves billions across borders but couldn't move its AML controls past ACPR scrutiny.
- FinCEN just made Huione Group radioactive for every US bank, no grace period attached.
- FinCEN just made your vendor list a regulatory problem, not a procurement one.
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