The Financial Action Task Force (FATF) identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two FATF public documents that are issued three times a year.  These are: 

• High-Risk Jurisdictions subject to a Call for Action (i.e. “black list”)
  This statement identifies countries or jurisdictions with serious strategic deficiencies to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply countermeasures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.
  This list is often externally referred to as the black list.

• Jurisdictions under Increased Monitoring (i.e. “grey list”)
  This statement identifies countries that are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring.
  This list is often externally referred to as the grey list.

Visit the FIU’s website https://fiu.gov.gy/publications-of-circulars/ for more information.