Commission Delegated Regulation amending Delegated Regulation (EU) 2016/1675 to add Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela to the list of high-ri...

EUROPEAN COMMISSION Brussels, 10.6.2025 C(2025) 3815 final COMMISSION DELEGATED REGULATION (EU) …/... of 10.6.2025 amending Delegated Regulation (EU) 2016/1675 to add Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela to the list of high-risk third countries which have provided a written high-level political commitment to address the identified deficiencies and have developed an action plan with the FATF, and to remove Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda and the United Arab Emirates from that list (Text with EEA relevance) EXPLANATORY MEMORANDUM 1. CONTEXT OF THE DELEGATED ACT Under Article 9(1) of Directive (EU) 2015/8491, third-country jurisdictions having strategic deficiencies in their anti-money laundering / countering the financing of terrorism (AML/CFT) regimes that pose significant threats to the EU’s financial system (‘high-risk third countries’) must be identified in order to protect the proper functioning of the internal market. Article 9(2) of Directive (EU) 2015/849 empowers the Commission to adopt delegated acts to identify these high-risk third countries, taking into account strategic deficiencies. It also lays down the criteria for the Commission’s assessment. The delegated acts must be adopted within 1 month after the strategic deficiencies were identified. Article 18a of Directive (EU) 2015/849 states that Member States must require obliged entities...