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EU produce the listing of blacklisted countries

Following the rejection of the list of jurisdictions with weak AML-regimes, the commissioner has drafted a new list including 2 levels of listing.

A blacklist, including jurisdictions which are a major treat to the stability of the Union and a grey list with jurisdictions requiring improvements.

This comes as a reaction to the previous blacklisting of Saudi Arabia which want EU countries feared will affect the relationships with the kingdom.

According to the reported information the 23 listed jurisdictions will be spliced in 2 lists having the Saudis on the grey list this time.

The list will be quite similar to the FATF list (regardless previous information which stated that this should not be the case)

Source

https://www.reuters.com/article/us-eu-moneylaundering-saudi/eu-mulls-adding-saudi-arabia-to-money-laundering-gray-list-idUSKCN1U61H1

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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