On 10 June 2025, the European Commission (Commission) adopted a Delegated Regulation which amends Delegated Regulation (EU) 2016/1675.
Delegated Regulation 2016/1675 is provided for under the Fourth Money Laundering Directive (4MLD) identifying third countries that have strategic deficiencies in their anti-money laundering (AML) and countering the financing of terrorism (CFT) regimes that pose significant threats to the financial system of the EU.
Background
The Commission is updating Delegated Regulation (EU) 2016/1675 following the Financial Action Task Force’s (FATF) update to its list of ‘Jurisdictions under Increased Monitoring’.
At its plenary meeting in October 2023, the FATF removed Panama from its list. At its plenary meeting in February 2024, the FATF added Kenya and Namibia to its list and removed Barbados, Gibraltar, Uganda and the United Arab Emirates from it. At its plenary meeting in June 2024, the FATF added Monaco and Venezuela to its list and removed Jamaica and Türkiye from it. At its plenary meeting in October 2024, the FATF added Algeria, Angola, Côte d’Ivoire and Lebanon to its list and removed Senegal from it. At its plenary meeting in February 2025, the FATF added Laos and Nepal to its list and removed the Philippines from it.
Changes
The Commission is adding the following countries to the list in Delegated Regulation (EU) 2016/1675 of high-risk third countries – Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela.
The Commission is also removing from the table in point I of the Annex to Delegated Regulation (EU) 2015/1675 – Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda and the United Arab Emirates.
Next steps
The Delegated Regulation enters force on the twentieth day following its publication in the Official Journal of the EU.