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Fight against money laundering and terrorist financing: Cameroon and Vietnam added to the list of jurisdictions

31/08/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The list of high-risk third country jurisdictions with strategic deficiencies in their anti-money laundering and terrorist financing (AML/CFT) regime was updated on Friday 18 August by the European Commission Henna.

Two jurisdictions have been added to the list of high-risk third country jurisdictions. This is Cameroon and Vietnam, bringing the number of jurisdictions on the list to 27. This list takes into account information provided by the Groupe d' action financière (GAFI) . The draft delegated regulation states that “the Commission considers that Cameroon and Vietnam have strategic deficiencies in their respective AML/CFT arrangements”. According to this project, “Cameroon and Vietnam have made written high-level political commitments to address the deficiencies noted and have developed action plans with the FATF to this

end.”
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