12/1/2023 0 Comments High risk pc threatsOn 7 May 2020, the European Commission adopted a new delegated regulation in relation to third countries which have strategic deficiencies in their AML/CFT regimes that pose significant threats to the financial system of the Union ('high-risk third countries'). New delegated act on high-risk third countries ![]() The types of enhanced vigilance requirements are basically extra checks and control measures which are defined in article 18a of the Directive. According to this Directive, banks and other gatekeepers are required to apply enhanced vigilance in business relationships and transactions involving high-risk third countries. ![]() One of the pillars of the European Union's legislation to combat money laundering and countering the financing of terrorism is Directive (EU) 2015/849.
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