Article 30 AMLR – Identification of third countries with compliance weaknesses in their national AML/CFT regimes 1.   Third countries with compliance weaknesses in their national AML/CFT regimes shall be identified by the Commission. 2.   In order to identify the third countries referred to in paragraph 1, the Commission is empowered to adopt delegated acts in accordance with Article 85 to supplement this Regulation, where: (a) compliance weaknesses in the legal and institutional AML/CFT framework of the third country have been identified; (b) compliance weaknesses in the effectiveness of the third country’s AML/CFT system in addressing money laundering and terrorist financing risks or in its system to assess and mitigate risks … Continue reading Article 30 AMLRRead More →