The European Commission is due to present a new methodology in March for its European 'blacklist' of third countries whose anti-money laundering systems are deficient and threaten the European financial system (see EUROPE B12193A28).
The exercise is a perilous one, since in order to avoid a further rejection of the list by the EU Council as in 2019 (see EUROPE B12209A12) or by the European Parliament on several occasions in 2016 and 2017 (see EUROPE B11790A5), the Commission will have to...