The Council removed Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes. With these updates, the EU list consists of 12 jurisdictions.
The Council decided to widen the scope of the EU framework for restrictive measures in view of Iran’s military support to Russia’s war of aggression against Ukraine and to armed groups and entities in the Middle East and the Red Sea region. This additional measure is targeted to the use of vessels and ports for…
The Council of the European Union announced its decision to extend sanctions against the leadership of the Transnistrian region of the Republic of Moldova. Specifically, the EU adopted Council Decision (CFSP) 2024/2782 to extend restrictive measures for another year, until Oct. 31, 2025. View the relevant decision here
The European Council approved additional restrictive measures against three persons and one entity associated with the Myanmar military junta, and responsible for scam operations based in the country, which are targeting both the Myanmar population and citizens from other countries in the region. View the relevant announcement here
Lebanon, Algeria, Angola and Ivory Coast landed on the Financial Action Task Force’s “Gray List” of jurisdictions with subpar defenses against money laundering, and terrorist financing after failing to remedy key gaps in their anti-money laundering regimes by the group’s deadline. FATF also announced that Senegal was removed from the list in light of significant…
The Financial Action Task Force (FATF) issued a statement concerning high-risk jurisdictions with significant strategic deficiencies in their anti-money laundering and counterterrorist financing (AML/CTF) frameworks. FATF continued to identify Iran, Myanmar, and North Korea as ‘Black List’ jurisdictions due to their AML/CTF deficiencies, and renewed its call for member jurisdictions to apply countermeasures, including enhanced…