Source: European Parliament
On 30 June 2025 from 18:30-20:00, ECON and LIBE Members will exchange views with Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, on the amendment to the delegated regulation in relation to third countries which have strategic deficiencies in their AML/CTF regimes (High-Risk Third Countries).
Under Article 9 of Directive (EU) 2015/849 (AMLD4), the Commission is mandated to adopt a list of high-risk third countries presenting strategic deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) regimes. The purpose is to protect the EU internal market from risks posed by third countries, by requiring financial institutions and other gatekeepers to apply enhanced vigilance with regard to transactions involving high-risk third countries. This is done through the adoption of the Commission Delegated Regulation (EU) 2016/1675 which is regularly amended. In the context of their scrutiny powers, the co-legislators can object to such delegated acts adopted by the Commission during a one-month scrutiny period (extendable by another one-month period). The European Parliament rejected the last amending to the list of high-risk third countries by its resolution of 23 April 2024. The EU list of high-risk third countries was not amended since then.