Objection to High-Risk Country List Updates

Summary

The European Parliament objects to a regulation updating the list of high-risk countries for money laundering, demanding a more independent EU assessment process.
10 17.05.2017
Other
finance
taxation
european union
administrative law

Key points

  • The regulation aims to update the list of high-risk countries by removing Guyana and adding Ethiopia.
  • The proposed changes are consistent with the findings of the Financial Action Task Force's recent meetings.
  • The changes specifically target the table located in the annex of the regulation.
  • The Parliament demands that the Commission develops a more independent and autonomous way to evaluate these risks.
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