Tag Archives: high risk jurisdictions
Treasury has published an updated AML advisory notice reminding firms of their obligation to apply EDD for higher risk jurisdictions. It has produced a table of relevant jurisdictions, showing which ones it recommends firms consider as: high risk and apply countermeasures and EDD measures in accordance with the risks (North Korea) high risk and apply EDD […]
The Economics and Home Affairs Committees in the EP have voted through additions to the Commission’s MLD4 blacklist of high risk jurisdictions by the narrowest of margins. The proposal was to include Tunisia, Sri Lanka and Trinidad and Tobago in the list. The debate was over the inclusion of Tunisia. Many MEPs expressed incomprehension that […]
Unsurprisingly, the European Parliament has again rejected the Commission’s proposed list of high risk third countries under MLD4.
The Economic and Monetary Affairs Committee and the Civil Liberties, Justice and Home Affairs Committee have again rejected the Commission’s list of high-risk jurisdictions under MLD4. This is maybe not surprising, given the Commission had made only one change from the previous version, and the Committees’ opinion is that the Commission should not just follow […]
The Council has decided not to object to the Commission’s revised list of high-risk jurisdictions for the purposes of MLD4. This means the Regulation can enter into force unless the European Parliament objects. The list is as originally suggested by the Commission except that Guyana is deleted and Ethiopia takes its place.
The EP is to debate the Commission’s revised draft Delegated Regulation under MLD4 that identifies high-risk third countries. The Commission has removed Guyana from its list and added Ethiopia. EP has asked for more time to consider the amended draft (having rejected its predecessor).
On 9 January 2017, two Committees within the European Parliament, ECON and LIBE published a motion for a resolution (dated 13 December 2016) objecting to the proposed Delegated Regulation amending the European Commission’s list of high-risk third countries under MLD4. The Commission says it has to identify high-risk countries exclusively on the grounds listed in […]