On Thursday 7 May, the European Commission is due to present its new delegated act updating the European 'blacklist’ of non-Member States whose anti-money laundering systems are deficient and thereby threaten the European financial system. According to a draft text, a copy of which has been obtained by EUROPE, 22 countries should be in the EU's sights.
The delegated act mainly modifies the current list to align it with the list drawn up by the Financial Action Task Force (FATF). Much more...