The European Commission has put forward a comprehensive approach to further strengthen the EU's fight against money laundering and terrorist financing.
The Commission has published an ambitious and multifaceted Action Plan, which sets out concrete measures that the Commission will take over the next 12 months to better enforce, supervise and coordinate the EU's rules on combating money laundering and terrorist financing.
The aim of this new, comprehensive approach is to shut down any remaining loopholes and remove any weak links in the EU's rules.
In particular the Commission has revised its list of high-risk third countries with strategic deficiencies in their AML regime. For details click here.