European Commission Adopts New List of Third Countries with Weak Anti-Money Laundering and Terrorist Financing Regimes Including Several U.S. Territories

On 13 February 2019, the European Commission adopted a new list of 23 jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks. As provided in a release from the Commission, the aim of this list is to protect the EU financial system by better preventing money laundering and terrorist financing risks. As a result of the listing, banks a…
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