The European Commission updated, on Friday 18 August, the list of high-risk third country jurisdictions with strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. Two jurisdictions have been added to the list: Cameroon and Vietnam, bringing the total number of jurisdictions on the list to 27.
As required by the Fourth Anti-Money Laundering Directive (2015/849), this list takes into account information provided by the Financial Action Task Force (FATF). At its plenary meeting at the end of June, the Committee updated its list of jurisdictions subject to enhanced surveillance.
“The Commission considers that Cameroon and Vietnam have strategic deficiencies in their respective AML/CFT regimes”, the draft delegated regulation states. “Cameroon and Vietnam have made written high-level political commitments to address the identified deficiencies and have developed action plans with the FATF for this purpose”, it adds.
The Commission welcomed these commitments and called on these countries to implement their action plans rapidly and within the proposed time frames.
The European Parliament and the EU Council have one month to give their opinion on the draft delegated regulation. The Commission’s last update was in May (see EUROPE 13184/6).
To read the delegated act: https://aeur.eu/f/8d5 (Original version in French by Anne Damiani)