On Monday 30 June, the European Parliament’s Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) strongly criticised the European Commission’s list of high-risk jurisdictions in the fight against money laundering and terrorist financing. Maria Luís Albuquerque, the Commissioner for Financial Services, defended it as best she could.
On Tuesday 10 June, the Commission had proposed an update to this list, even though the European...