Financial Crime Financial Crime

Morocco, Jordan, Cayman Islands could join EU list of high-risk territories for money laundering

By Phoebe Seers
  • 13 Jan 2022 09:38
  • 13 Jan 2022 09:38

The EU is revising its list of territories considered high-risk for money laundering by adding the Cayman Islands, Morocco, Jordan, the Philippines and others, while removing the Bahamas and Iraq.

If carried through, EU banks and other financial institutions will be required to conduct enhanced due diligence on new

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Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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