Amendment to Regulation (EU) 2016/1675

This procedure updates the list of countries considered high-risk for money laundering and terrorist financing. It adds several countries based on their commitment to address deficiencies and develop action plans, while removing others that have improved their measures.

This impacts financial institutions' due diligence requirements when dealing with entities from listed countries. It aims to strengthen the EU's anti-money laundering framework and prevent illicit financial flows.