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Angola, nine other countries, added to EU high-risk list against financial crime; Uganda and seven others removed
10:05 CAT | 12 Jun 2025
File photo: The European Union
The European Commission announced on Wednesday that it has updated the European Union (EU) list of high-risk countries to strengthen the international fight against financial crime, adding Angola and nine other jurisdictions.
“The European Commission has updated its list of high‑risk jurisdictions presenting strategic deficiencies in their national anti‑money laundering and countering the financing of terrorism (AML/CFT) regimes.” This list serves as a basis for EU entities “ to apply enhanced vigilance in transactions involving these countries,” the institution announced in a press release.
Pointing out that this measure” is important to protect the EU financial system,” the EU executive reports that third-country jurisdictions such as Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela have been added to the list.
Countries such as Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda and the United Arab Emirates have been removed from the list.
The European Union, in collaboration with the Financial Action Task Force (FATF), regularly identifies countries that pose significant risks to the financial system, particularly with regard to money laundering and terrorist financing.
These are jurisdictions subject to enhanced monitoring and considered high risk, which also include (and were already included) Afghanistan, Burkina Faso, Cameroon, Democratic Republic of Congo, Haiti, Iran, Mali, Mozambique, Myanmar, Nigeria, North Korea, South Africa, South Sudan, Syria, Tanzania and Trinidad and Tobago, Vanuatu, Vietnam and Yemen.
The updated list takes into account the work of the Financial Action Task Force, the intergovernmental organisation that sets international standards for combating money laundering and terrorist financing.
Quoted in the note, European Commissioner for Financial Services and the Savings and Investment Union, Maria Luís Albuquerque, stresses that “the identification and listing of high-risk jurisdictions remains a crucial tool to safeguard the integrity of the EU financial system”.
“Following a thorough technical assessment and after listening carefully to the concerns expressed regarding its latest proposal, the Commission has now presented an update of the EU list that reiterates our strong commitment to aligning with international standards,” stresses Maria Luís Albuquerque, the former Portuguese minister of finance.
The @EU_Commission updated its list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering regimes, taking into account the work of the Financial Action Task Force (FATF). #AML
— EU Finance 🇪🇺 (@EU_Finance) June 10, 2025
The European Commission is responsible for regularly updating the list of high-risk third countries, with the update entering into force after review and no objection by the European Parliament and the Council.
Source: Lusa
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