Article 31 AMLR – Identification of third countries posing a specific and serious threat to the Union’s financial system 1.   The Commission is empowered to adopt delegated acts in accordance with Article 85 to supplement this Regulation by identifying third countries where in exceptional cases it considers it indispensable to mitigate a specific and serious threat to the Union’s financial system and the proper functioning of the internal market posed by those third countries, and which cannot be mitigated pursuant to Articles 29 and 30. 2.   The Commission, when drawing up the delegated acts referred to in paragraph 1, shall take into account in particular the following criteria: (a) the legal and institutional … Continue reading Article 31 AMLRRead More →