Article 1. The Spanish Ministry of Health, Consumption and Social Welfare has updated the list of high-risk EU and Schengen Area countries arrivals from which face stringent restrictions when entering Spain, as well as the list of epidemiologically safe third countries, travellers from which are permitted to enter the Countries under facilitated rules, even for tourism purposes. Why does the Commission present a new list of high-risk third countries? As defined under the Fourth and Fifth Anti-Money Laundering Directives, the EU has to establish a list of high-risk third countries, to make sure the EU financial system is equipped to prevent money laundering and terrorist financing risks coming from third countries. All eligible arriving travelers are designated as coming from Low-Risk, Medium-Risk or High-Risk countries. Country risks Additional high risk third countries on the list are the Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, The U.S. is currently considered High-Risk and all Americans must follow these procedures: Submit a health questionnaire online at least 24 hours prior to arrival This was after Ghana had strengthened the effectiveness of

Announcing their new methodology for listing countries together with the financial crime action plan, the EU Commission has released

The European Commission moves to withdraw Mauritius from its blacklist 17 January 2022. The announcement was made at a press conference in Brussels by the Executive Vice-President of

The European Commission has published a delegated regulation on 7 January 2022, where it was confirmed that Mauritius has been removed from the list of high-risk third countries (commonly known as the EU blacklist) as at the end of February 2022. The EU has implement a new high risk third country list based on the Directive (EU) 2015/849, which highly affect the banks in Lithuania/EU and other payment institutions in Lithuania/EU as additional control measures must be applied. I refuse cookies. jurisdiction Supply risk looks at the country-level concentration of global production of primary raw materials and sourcing to the EU, the governance of supplier countries 9, including environmen tal aspects, the contribution of recycling (i.e. On the 7th of January 2022, the European Commission approved the removal of Mauritius from its list of high-risk third countries by acknowledging that it no longer presents Schedule 3ZA had originally been inserted into the MLRs by the Money Laundering and Terrorist Financing (Amendment) ES. Consequently, European Union added Ghana to its list of high-risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime, in October 2020, as a direct result of Ghana being on the FATF list. A list of many of the EU member states supervisory authorities can be found here. Delegated Regulation lowering net short positions notification threshold published in Official Journal Commission Delegated Regulation (EU) 2022/27 amending the Short Selling The Mauritius Ministry of Financial Services and Good Governance of Mauritius ("MFSGG") has issued a Communique on 01 October 2020 confirming that the EU List of High The European Union has identified high-risk third countries with strategic AML/CFT deficiencies that are set out in Annex to the Commission Delegated Regulation supplementing the 4AMLD. Mauritius: Removal from EU list of high-risk third countries. []

EU, Caribbean Nations at Loggerheads Over Money Laundering Blacklist. From mid-June, the Basel AML Index Expert Edition will highlight countries included on the Europeans list of high-risk third countries with strategic deficiencies in their

It sets out which jurisdictions As of Thursday, March 3, 2022, at 0:00 a.m., with the entry into force of the Third Amendment Ordinance to the Coronavirus Entry Ordinance, no states/regions will be considered high-risk areas, the statement of the []

The Commissions new list includes 12 countries listed by the Financial On the 7 May 2020 the European Commission (the Commission) issued a Commission Delegated Regulation amending Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council, as regards adding certain countries to the list of high-risk third countries. The European Commission list of high-risk third countries is not the only one. An EU high-risk third-country list was previously released on February 13, 2019, but it attracted widespread objections, especially This change follows the European Commissions adoption of the new Delegated Regulation 2016/1675 on high

The 5 th EU Anti-Money Laundering Directive (2018/843), in force as of 11 July 2018, includes amendments to the 4 th AML Directive, among them improvements in the procedure to identify Under EU money laundering regulation, there are a list of countries or jurisdictions which are defined as high-risk. The essential tech news of the moment. The Commission will update this list accordingly.

This site uses cookies to offer you a better browsing experience. Which countries does the Commission propose to list on the new EU list of high-risk third countries? On 7 May 2020, the European Commission adopted the new Delegated Regulation EU 2020/855, which will add the following countries to the high-risk third country list from 1 October 2020: 1.

The EESC has proposed that either a new list of high-risk third countries be drawn up, or the scope of EDD required under Article Until the end of the Brexit transition period, the list of high-risk countries was determined by the European Union (EU). This means they have been identified as having deficiencies to counter money laundering and terrorist financing. Accra, 18 January 2022 - Ghana has been removed from the European Union's (EU) list of high risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes. The FATFs process to publicly list countries with weak AML/CFT regimes has proved effective (click here for more information about this process).As of October 2018, the FATF has reviewed over Following the publication of the Official Journal of the European Union by the European Commissions Delegated Regulation on the 21st of February 2022, Mauritius has Nations are cross-checked across a set of criteria and if the country fails to meet the requirements they may be added to the list. European countries at Level 3. The European Commission announced, on 10 January, that it had removed Mauritius from its list of high-risk third countries the so-called EU blacklist noting that it had strengthened the effectiveness of its Anti-Money Laundering / Counter Terrorist Financing (AML/CFT) regime sufficiently to consider that previously identified strategic deficiencies had The European Commission confirmed on 7 January 2022, through its Delegated The EU List was subsequently approved and came into effect on 1st October 2020. 3) (high The current list of high-risk countries is set out in Schedule 3ZA of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations whether a third country presents a high risk in relation to money-laundering, was initiated as part of efforts to further good tax governance, and its external dimension. The objective of the EU list of high-risk third

A consolidated version of the EU list is available (with only measures that already entered into force).. Revised EU methodology for the identification of high-risk third countries. This will likely broaden the list in the near future. secondary raw materials), substitution, EU import reliance and trade restrictions in third countries.

The EU high-risk third countries. On 7 May 2020, the European Commission adopted the new Delegated Regulation EU 2020/855, which will add the following countries to the high-risk third country list from 1 October 2020: Bahamas; Barbados; Botswana; Cambodia; Ghana; Jamaica; Mauritius; Mongolia; Myanmar/Burma; Nicaragua; Panama; Zimbabwe The 5 th EU Anti-Money Laundering Directive (2018/843), in force as of 11 July 2018, includes amendments to the 4 th AML Directive, among them improvements in the procedure to identify high-risk third countries, a task delegated to the EU Commission. Countries which remain on the list: Afghanistan, Iraq, Vanuatu, Pakistan, Syria, Yemen, Uganda, Trinidad and Tobago, Iran and North Korea. Alongside a refined methodology for identifying third countries with strategic deficiencies in their AML/CFT frameworks (high-risk third countries, see separate news item[T1] ), the Commission adopted a new list of these countries on 7 May 2020.

(4) After Schedule 3 (relevant offences) insert (1) 2018 c.13.

the EUs list of high risk third countries. On 13 February 2019, the EU Commission presented a list of 23 high-risk third countries, assessed as having strategic deficiencies in their Anti-Money Getty Images.

On 7 May 2020, the European Commission adopted a new delegated regulation in relation to third countries which have strategic deficiencies in their AML/CFT regimes that pose significant threats to the financial system of the Union (high-risk third countries). From mid-June, the Basel AML Index Expert Edition will highlight countries included on the Europeans list of high-risk third countries with strategic deficiencies in their anti-money laundering and counter terrorist financing (AML/CFT) regimes. On 7 May, the European Commission announced that Mauritius would be added to its revised list of high-risk third countries having strategic deficiencies in their regime regarding anti-money laundering and countering terrorist financing, as of 1 October. List of countries in the scope of the EU assessment In accordance with its methodology for identifying high risk third countries under Directive (EU) 2015/8491, Commission services have Non-vaccinated visitors from high-risk countries are not allowed entry. On 7 May 2020, Mauritius was informed of the European Commission (EC) decision to list all the 11 third countries listed by Financial Action Task Force (FATF) including The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and Countering the Financing of Terrorism Strategic Deficiencies published on May 07, 2020. Q and A: EU money laundering blacklist explained. Today, the Commission has adopted its new list of 23 third countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing The European Commission confirmed on 7 January 2022, through its Delegated Regulation, that Mauritius has been removed Mauritius from its list of high-risk third countries, who have deficiencies in its Anti Money-Laundering and Counter Financing Terrorism The high-risk third country list aims to address risks to the EU's financial system caused by third countries with deficiencies in their anti-money laundering and counter-terrorist See all EU institutions and bodies. The country-by-country guide to Europe's Covid-19 testing, vaccination and quarantine requirements is still in flux for September, particularly as the EU has taken the U.S. off its safe travel list. This list currently includes: Albania Barbados Burkina Faso Cambodia Cayman Islands Haiti Jamaica Jordan Malta Mali Morocco Myanmar Nicaragua Pakistan Panama Philippines In terms of Article 9 of Directive (EU) 2015/849, the European Commission is to identify third countries which present strategic deficiencies in their AML/CFT regimes and

Following the rejection by the Council of the European Union (the Council) on 07 March 2019 of a draft list of 23 high-risk countries, as proposed in February 2019 by the

2017/692) (the MLRs) by substituting the list of high-risk third countries in Schedule 3ZA for a new list. Afghanistan, Bosnia and Herzegovina, Ethiopia, Guiana, Iraq, Iran, North Korea, On 13 February 2019, the European Commission updated its list of high-risk third countries under the European Unions Fourth Anti-Money Laundering Directive (4MLD) .

Based on the FATF Compliance documents, the Commission added The Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, The European Commission is empowered, through Article 9 of the 4AMLD, to adopt delegated acts listing high-risk third countries with strategic deficiencies in their AML/CFT regimes. Under the UKs Money Laundering Regulations (regulation 33(1)(b)), any business relationship with a person established in a high-risk third country must be subject to enhanced due diligence (EDD).

The German authorities have announced that starting from tomorrow, March 3, all countries will be removed from its high-risk list. reviewed and start assessing additional countries, in line with its published methodology. List of September 9, 2021. Subject to final approval by the European Parliament (see further below), the EUs list of High-Risk Countries now includes (with new additions in bold): Afghanistan. American Samoa. The Bahamas. Botswana. Democratic People's Republic of Korea. Ethiopia. The Government of Mauritius has issued a communiqu enumerating the various grounds for Mauritius to be taken off the List. Don Huan/Shutterstock.com. The European Commission Thursday named three Caribbean Community (CARICOM) countries on a new list of high-risk third countries with strategic deficiencies in their regime regarding anti-money laundering and countering terrorist financing as it released a comprehensive approach to further strengthen the EUs fight against money laundering and Articles. (the European Commission and the Gulf Co-operation Council). Dominica has been open to visitors since Aug. 3, 2020. Poland allows EU nations to visit, plus a list of third-party countries including Canada, U.S., and the UK. These are all countries that were identified in the Financial Action Task Force (FATF) listed as Jurisdictions under Increased Monitoring in February, June or October 2021: This methodology sets out the criteria, The list is a last resort for the EU, but required by the 4th and 5th AML Directives. Engaging with businesses in one or more of these countries requires extra due-diligence and KYC checks. Rubina Toorawa.

(3) In regulation 39(4) (reliance), for a country which has been identified by the European Commission as a high-risk third country in delegated acts adopted under Article 9.2 of the fourth money laundering directive substitute a high-risk third country.