Option 1: Bolivia and Mozambique - This option is incorrect. These countries were not placed in the `Grey List` of the Financial Action Task Force.

Option 2: Colombia and Ecuador - This option is incorrect. These countries were not placed in the `Grey List` of the Financial Action Task Force.

Option 3: Iran and Qatar - This option is incorrect. These countries were not placed in the `Grey List` of the Financial Action Task Force.

Option 4: Turkey and UAE - This is the correct answer. Both Turkey and the United Arab Emirates (UAE) were recently placed in the `Grey List` of the Financial Action Task Force. Being placed in the `Grey List` means that these countries have strategic deficiencies in their frameworks to combat money laundering and terrorism financing. It is a warning and an opportunity for the countries to make necessary reforms in their systems to address these issues.

Alert - Correct answer should be: "Turkey and UAE were placed in the `Grey List` of the Financial Action Task Force."