Commission Tables Measures to Enhance AML/CFT
3 August 2020
2018-Max_Planck_Herr_Wahl_1355_black white_Zuschnitt.jpg Thomas Wahl

Following its roadmap “towards a new comprehensive approach to preventing and combating money laundering and terrorism financing” of February 2020 (see separate news item), the European Commission put forward a series of further measures on 7 May 2020. They are designed to step up the EU’s anti-money laundering (AML) and countering the financing of terrorism (CFT) framework. The Commission tabled:

  • An Action Plan for a comprehensive Union policy on preventing money laundering and terrorist financing;
  • A refined and more transparent methodology for identifying high-risk third countries under Directive (EU) 2015/849;
  • An updated list of third-country jurisdictions with strategic deficiencies in their AML/CFT regimes (high-risk third countries).

These measures are analysed in more detail in separate news items.