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European Commission Proposes Addition of Cameroon and Vietnam to Anti-Money Laundering List of High-Risk Third Countries

24 August 2023

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Proposed Changes

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European Union-Cameroon-Vietnam

The European Commission has published a proposed regulation to add Cameroon and Vietnam to the list of high-risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes (Delegated Regulation (EU) 2016/1675). --- Addition to the list of Delegated Regulation (EU) 2016/1675 The Commission has taken into account relevant information from international organisations and standard setters in the field of AML/CFT in line with Article 9(4) of Directive (EU) 2015/849. This information includes recent FATF public statements, the FATF list of 'Jurisdictions under Increased Monitoring', FATF reports of the International Cooperation Review Group,...