The European Parliament has published a resolution objecting to delegated regulation proposed by the Commission which seeks to amend a delegated regulation supplementing the fourth Money Laundering Directive (MLD IV) by identifying high-risk third countries with strategic deficiencies. The European Parliament rejected the amending delegated regulation on the basis that the list of countries is too limited and should […]

The Commission Delegated Regulation (EU) 2016/1675 supplementing the fourth Money Laundering Directive (MLD 4) by identifying high-risk third countries with strategic deficiencies has been published in the Official Journal of the EU (OJ). The Delegated Regulation will come into force on 23 September 2016. A copy of the Delegated Regulation is available HERE High-risk third […]

The European Commission is due to adopt this Friday a list of 11 “high risk [non-EU] countries with strategic deficiencies in their anti-money laundering/countering terrorist financing”, establishing for the first time a common EU list of countries to which financial institutions will have to apply “enhanced customer due diligence measures when establishing business relationships or […]

We reported in a previous update on the FCA’s publication, following a Freedom of Information Act request, of a list of countries considered to be “high risk” for financial crime purposes, which was used by its supervisory teams on visits to regulated firms. The list has now been removed from the FCA’s website, reportedly after […]

The FCA has published a new webpage listing certain countries that it has categorized as posing a high risk to the FCA’s financial crime objectives linked to tackling money laundering, sanctions systems and controls, terrorist financing, and bribery and corruption. The list will be periodically reviewed and updated. The webpage is available. http://bit.ly/WeME5U