The European Commission said it added Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela, along with Monaco, to the list of countries subject to extra monitoring of their money laundering controls.
The moves come after a money-laundering watchdog said in February it had removed the Philippines from its list of countries that face increased monitoring, while adding Laos and Nepal.
Monaco has been included on the FATF list since mid-2024, along with EU member states Bulgaria and Croatia.
The EU list will now be scrutinised by the European Parliament and member states and will enter into force within one month if there are no objections, the commission said.
It also stressed its commitment to take the necessary steps to be removed from the FATF’s grey list “in the short term”.
Read More Details
Finally We wish PressBee provided you with enough information of ( EU removes UAE from ‘high-risk’ money-laundering list, adds Monaco )
Also on site :