Zenoo Compliance Brief
FATF Adds Kuwait to Grey List Over AML/CFT Gaps
Plus, France fines MoneyGram €1.3 million for AML failures, FinCEN orders U.S. banks to sever Huione Group ties, and FinCEN proposes AML/CFT program reforms.
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 today's brief
- 1 What does Kuwait's grey listing mean for your correspondent banking and client onboarding procedures?
- 2 Did MoneyGram's compliance gaps expose the regulator's new appetite for enforcement action on funds transfer firms?
- 3 Why has FinCEN severed a Papua New Guinea correspondent banking network overnight?
- 4 Does FinCEN's new vendor oversight rule expose your KYC third-party relationships to regulatory scrutiny?
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