When the Financial Action Task Force places a jurisdiction on the list of 'jurisdictions under increased monitoring', also known as the 'grey list', the jurisdiction:

While jurisdictions on the grey list may engage in mutual evaluations to assess compliance, acceptance to participate is not a prerequisite for being placed on the list. The grey list primarily signifies a commitment to rectify deficiencies rather than a mandatory evaluation timeline.

There is no financial penalty required for a jurisdiction to be removed from the grey list. Instead, the focus is on the jurisdiction's commitment to improve its systems and practices concerning anti-money laundering (AML) and combating the financing of terrorism (CFT).

Being on the grey list does indicate a higher risk profile for money laundering and terrorist financing; however, it does not automatically lead to restrictions from the international financial system. The grey list serves as a warning and a tool for monitoring rather than an outright ban.