On 13 February 2019, the European Commission adopted a new list of 23 jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks. As provided in a release from the Commission, the aim of this list is to protect the EU financial system by better preventing money laundering and terrorist financing risks. As a result of the listing, banks and other entities covered by EU anti-money laundering rules will be required to apply increased checks (due diligence) on financial operations involving customers and financial institutions from these high-risk third countries to better identify any suspicious money flows. On...