Amendment: Adding Cameroon and Vietnam to high-risk third countries list

This procedure updates the list of non-EU countries identified as having strategic deficiencies in their anti-money laundering and counter-terrorism financing frameworks. By adding Cameroon and Vietnam to this list, the EU aims to protect the integrity of its financial system from illicit financial flows.

Financial institutions and designated non-financial businesses operating in the EU must apply enhanced due diligence measures when dealing with entities or individuals from these two countries to mitigate risks of money laundering.