Senegal Close to Exiting Watchdog’s Dirty Money ‘Gray List’

Senegal is poised to be removed from a global dirty-money list as early as next week, a potential boost to the West African nation following a reform push to counter money laundering and terrorist-financing risks.

A recent on-site visit by a team from the Paris-based Financial Action Task Force noted significant progress, according to people familiar with the matter, who requested anonymity as the deliberations are private. That means Senegal could come off the watchdog’s so-called gray list on the final day of the FATF plenary on Oct. 25, the people said. No final decisions have been made.

A spokesperson ...