The Commission has published a list of third countries that are considered to have equivalent anti-money laundering (AML) and counter-terrorist financing (CTF) systems to those in the EU. The list may be reviewed in light of public evaluation reports adopted by the Financial Action Task Force (FATF), the International Monetary Fund (IMF) or the World Bank and does not override the need to:

  • continue to operate the risk-based approach; and
  • apply enhanced due diligence measures in all situations that, by their nature, can present a higher risk of money laundering or terrorist financing when dealing with credit and financial institutions, as customers, based in an equivalent jurisdiction.

(Source: Member States list of equivalent third countries and Member States Common Understanding on the Procedure and Criteria for the Recognition of Third Countries' Equivalence)