European Parliament votes to update list of high-risk third-country jurisdictions
The European Parliament has approved a Commission proposal to update the list of money-laundering and terrorist financing (AML/CTF) high-risk third countries. The following jurisdictions will be added to the list: Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, Venezuela. Conversely, Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, the United Arab Emirates will be removed.