---
title: "What is Financial Action Task Force (FATF) list?"
description: "The Financial Action Task Force (FATF) is a global watchdog that combats money laundering and terrorist financing by setting international standards…"
category: your-arrow-account
subcategory: your-profile
slug: what-is-financial-action-task-force-fatf-list
canonical: https://support.arrow.trade/your-arrow-account/your-profile/what-is-financial-action-task-force-fatf-list/
---

# What is Financial Action Task Force (FATF) list?

> The Financial Action Task Force (FATF) is a global watchdog that combats money laundering and terrorist financing by setting international standards…

## Short answer

The Financial Action Task Force (FATF) is a global watchdog that combats money laundering and terrorist financing by setting international standards and identifying countries with weak anti-money laundering measures.

## What FATF does

FATF sets international standards to prevent illegal activities and identifies countries with weak anti-money laundering and counter-terrorist financing measures (AML/CFT). The organisation maintains black and grey lists of countries based on their compliance with these standards.

## How FATF lists affect iRage accounts

Blacklisted countries: iRage does not allow account openings for clients residing in countries blacklisted by the FATF.

Grey-listed countries: You may open an account if you reside in a grey-listed country, provided iRage's compliance team approves all your submitted documents as satisfactory.

You can see the current FATF black and grey listed countries by visiting fatf-gafi.org/en/countries/black-and-grey-lists.html.

## Enhanced due diligence for grey-listed countries

iRage may request additional income proof from NRI clients who reside in countries that are part of the FATF grey list. Enhanced due diligence protocols are implemented for these clients to verify the source of their income within their country of residence, in accordance with directives from FATF and SEBI.

## Acceptable income proof for grey-listed residents

You can submit any of the following as income proof:

Latest month's salary slip

Last 6 months' bank statement

Proof of foreign tax payment

## Related

- Browse more in [your profile](/your-arrow-account/your-profile/)
- Open account: [kyc.arrow.trade](https://kyc.arrow.trade)
- Trade on Arrow: [app.arrow.trade](https://app.arrow.trade)
- Support: [support@arrow.trade](mailto:support@arrow.trade)

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Source: https://support.arrow.trade/your-arrow-account/your-profile/what-is-financial-action-task-force-fatf-list/
Publisher: Arrow / iRage Broking Services LLP