The European Commission has announced that it is expanding the list of countries that it considers to have strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes. The list now includes Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama, and Zimbabwe. These countries are considered to pose a threat to the EU’s financial system due to their inadequate regulation and supervision of financial institutions. The Commission has urged member states to apply enhanced due diligence measures toward transactions involving these nations.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
