Haiti remains on the FATF gray list

Haiti's presence on this list can hinder international banking operations for businesses and individuals. For example, an Haitian entrepreneur who wants to pay a foreign supplier or a diaspora member who sends money to their family may encounter difficulties due to the lack of trust from foreign financial institutions.

The FATF has not excluded Haiti from the international financial system. However, it has emphasized that the country still needs to complete certain tasks to definitively leave the gray list. Six major areas remain to be identified by the organization: strengthening supervision of non-financial professions and businesses vulnerable to money laundering or terrorist financing, among others.

Although Haiti has made progress in its action plan despite the social, economic, and security challenges it faces, the FATF stresses that it must demonstrate the effective implementation of its reforms. The ultimate goal remains to strengthen the effectiveness of Haiti's system for combating illicit financial flows.