The European Commission has approved a new “black list”

The European Commission approved a new list of 23 countries with deficiencies in the fight against money laundering and the financing of terrorism.

Financial institutions that are subject to EU rules will have to intensely check all financial transactions involving customers from the following high-risk countries in order to better identify any illegal cash inflows.

The “black list” was compiled based on the analysis of 54 priority jurisdictions and replaces the one that is currently in effect since July 2018.

In the new "black list":

1) Afghanistan

2) American Samoa

3) Bahamas

4) Botswana

5) Republic of Korea

6) Ethiopia

7) Ghana

8) Guam

9) Iran

10) Iraq

11) Libya

12) Nigeria

13) Pakistan

14) Panama

15) Puerto Rico

16) Samoa

17) Saudi Arabia

18) Sri Lanka

19) Syria

20) Trinidad and Tobago

21) Tunisia

22) US Virgin Islands

23) Yemen

On materials of the following website: http://europa.eu/rapid/press-release_IP-19-781_en.htm