On Wednesday 17 May, the European Commission updated the list of high-risk third-country jurisdictions presenting strategic deficiencies in their fight against money laundering and terrorist financing. Two jurisdictions were added to the list - Nigeria and South Africa - while two other jurisdictions were removed from the list - Cambodia and Morocco - bringing the number of jurisdictions on the list to 25.
As required by the fourth anti-money laundering directive (2015/849), this list takes...