EU list of 10 high risk countries

Directive (EU) 2015/849 implemented by European Union to combat money laundering and terrorist financing to protect the financial system.   On 7 May 2020, the European Commission adopted a new delegated regulation in relation to third countries which have strategic deficiencies in their AML/CFT regimes that pose significant threats to the financial system of the Union (‘high-risk third countries’).   EU banks and other gatekeepers are required to apply enhanced vigilance in business relationships and transactions involving  these 10…

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