4th AMLD: Concerns Raised Over High-Risk Countries Proposals

Calls from within the EU for further amendments to anti-money laundering (AML) reforms, including a significant expansion of the list of high-risk jurisdictions, could cause unwanted knock-on effects for businesses, experts believe.

The European Economic and Social Committee (EESC), an EU consultative body that represents a range of interest groups from throughout the bloc, suggested last week that proposed amendments to the 4th Anti-Money Laundering Directive (4th AMLD) do not go far enough.

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