EC identifies 23 countries with weak AML & CTF frameworks
Categories: News
Gambling operators (including, in particular, UK licensed casino operators) should take note of a European Commission press release, published yesterday (that can be downloaded below), identifying the following “third countries” as having “strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks”:
- Afghanistan
- American Samoa
- The Bahamas
- Botswana
- Democratic People’s Republic of Korea
- Ethiopia
- Ghana
- Guam
- Iran
- Iraq
- Libya
- Nigeria
- Pakistan
- Panama
- Puerto Rico
- Samoa
- Saudi Arabia
- Sri Lanka
- Syria
- Trinidad and Tobago
- Tunisia
- US Virgin Islands
- Yemen
There are no great surprises in that list, but it’s worth bearing in mind that the above list of 23 jurisdictions has been compiled by the EC on the basis of an analysis of 54 priority jurisdictions, which was prepared in consultation with EU Member States and previously made public on 13 November 2018.
Download article PDF: European Commission - ML & TF press release 13.02.19