RegSol Blog


EU Policy on High Risk Third Countries

October 2020

Based on Directive (EU) 2015/849, Article 9, the Commission is mandated to identify high risk third countries having strategic deficiencies in their regime on anti-money laundering and counter terrorist financing. The aim is to protect the integrity of the EU Financial System. From the 1st of October note the following additions:

See Table Below:


  High-risk third country

  Date of entry into force

Afghanistan

20 September 2016

The Bahamas

1 October 2020

Barbados

1 October 2020

Botswana

1 October 2020

Cambodia

1 October 2020

Democratic People's Republic of Korea (DPRK)

20 September 2016

Ghana

1 October 2020

Iran

20 September 2016

Iraq

20 September 2016

Jamaica

1 October 2020

Mauritius

1 October 2020

Mongolia

1 October 2020

Myanmar

1 October 2020

Nicaragua

1 October 2020

Pakistan

2 October 2018

Panama

1 October 2020

Syria

20 September 2016

Trinidad and Tobago

14 February 2018

Uganda

20 September 2016

Vanuatu

20 September 2016

Yemen

20 September 2016

Zimbabwe

1 October 2020



Details can be found HERE

 

By Judy de Castro
Regulatory Consultant