Article 29 AMLR – Identification of third countries with significant strategic deficiencies in their national AML/CFT regimes 1.   Third countries with significant strategic deficiencies in their national AML/CFT regimes shall be identified by the Commission and designated as ‘high-risk third countries’. 2.   In order to identify third countries as referred to in paragraph 1 of this Article, the Commission is empowered to adopt delegated acts in accordance with Article 85 to supplement this Regulation, where: (a) significant strategic deficiencies in the legal and institutional AML/CFT framework of the third country have been identified; (b) significant strategic deficiencies in the effectiveness of the third country’s AML/CFT system in addressing money laundering … Continue reading Article 29 AMLRRead More →