Vietnam on financial grey list over weapons-proliferation risks

A Vietnamese national flag is seen on the rooftop of the National Assembly's Ba Dinh hall in Hanoi November 13, 2014. REUTERS/Kham/File Photo

HANOI (Reuters) - Vietnam was added to the watch list of the FATF international financial crime watchdog, which said the nation has nonetheless committed to proving it effectively prevents the financing of the proliferation of weapons of mass destruction.

Friday's decision adds the southeast Asian nation to the "grey list" of two dozens countries across the world subject to closer scrutiny, including Panama, the Cayman Islands, the United Arab Emirates and Syria. Myanmar, Iran and North Korea are the only countries on the group's "black list".