EC removes the UAE from its high-risk money ML list, while simultaneously adding 10 jurisdictions including Monaco, Lebanon, Kenya, and Venezuela – raising the total to 27 high-risk countries

The European Commission has added Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela to its list of high-risk third-country jurisdictions with strategic deficiencies in their AML/CFT regimes. Conversely, Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, and the United Arab Emirates have been removed from the list following progress in addressing their identified shortcomings…