In a public statement in early June, Hungary asked the European Commission to review the EU’s ‘black’ list of high-risk third countries for money laundering before its entry into force on 1 October so that “progress made by the third countries concerned in the meantime [is] duly taken into account”.
On 7 May the Commission presented a new delegated act (see EUROPE B12481A6) updating its list, mainly to align it with that of the Financial Action Task Force (FATF).
The EU...