EU High-Risk Third Countries (HRTC) Based on Directive (EU) 2015/849, Article 9, the Commission is mandated to identify high-risk third countries having strategic deficiencies in their regime on anti-money laundering and countering the financing of terrorism. 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. According to this Directive, banks and other gatekeepers are required to apply enhanced vigilance in business relationships and transactions involving 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. New … EU High-Risk Third Countries (HRTC) weiterlesenRead More →