Photo by Pommelien da Silva Cosme on Unsplash The Financial Action Task Force (FATF) recommended back in February 2023 to remove the Kingdom of Morocco from the enhanced monitoring process, known as the ‘grey list’. The European Commission has accordingly accepted this recommendation, making the decision after assessing the compliance of the national system with international standards relating…
Photo by Fred Moon on Unsplash The European Commission has updated its list of “high risk” third country jurisdictions presenting strategic deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) regimes. Two third-country jurisdictions were added to it: Nigeria and South Africa, while two other jurisdictions were taken off the list – Cambodia and Morocco. This list takes into account the changes decided at…
