The European Commission has published a proposed regulation to add Kenya and Namibia to the list of high-risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes (Delegated Regulation (EU) 2016/1675). The proposed regulation would also remove Barbados, Gibraltar, Panama, Uganda, and the United Arab Emirates.
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A. Addition to the list of Delegated Regulation (EU) 2016/1675
The Commission has taken account…