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European Commission Proposes Addition of Kenya and Namibia to Anti-Money Laundering List of High-Risk Third Countries and Removal of Five Countries

18 March 2024

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Proposed Changes

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European Union-Kenya-Namibia-Barbados-Gibraltar-Panama-Uganda-United A...

The European Commission has published a proposed regulation to add Kenya and Namibia 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). The proposed regulation would also remove Barbados, Gibraltar, Panama, Uganda, and the United Arab Emirates. --- A. Addition to the list of Delegated Regulation (EU) 2016/1675 The Commission has taken account of 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,...