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Objection to High-Risk Country List Update

Summary

The European Parliament objects to adding Sri Lanka, Trinidad and Tobago, and Tunisia to the EU's high-risk list for money laundering and terrorist financing, citing concerns over methodology and the specific case of Tunisia.
10 07.02.2018
Other
finance
administrative law
international relations

Key points

  • The motion objects to adding Sri Lanka, Trinidad and Tobago, and Tunisia to the list of high-risk countries for financial crimes.
  • The Parliament criticizes the Commission's decision-making process for not being sufficiently independent.
  • There is a specific concern regarding Tunisia, noting that its recent political reforms and regional re-ratings were ignored.
  • The Parliament demands a faster timeline for the new assessment methodology, suggesting it should be completed by 2020 instead of 2025.
Documents (PDFs)
MOTION FOR A RESOLUTION on the Commission delegated regulation of 13 December 2017 amending Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council, as regards adding Sri Lanka, Trinidad and Tobago and Tunisia to the table in point I of the Annex
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