The EU has updated the list of countries that do not fight against the financing of terrorism and money laundering. iGaming Business informs that the relevant EU decision will also affect gambling operators.
The European Commission considers countries where there are increased risks of money laundering and other proceeds of crime. European gambling companies are required to exercise increased vigilance towards customers from countries that are on the “black” list.
Uganda was included in the list of states a year earlier. Also, the list also included Iran, the People’s Republic of Korea (DPRK), Myanmar and Pakistan and other countries of the African and Asian regions. European officials are concerned about the new list of countries that cause concern for European officials.
The EU may include states in the list if their efforts to ensure financial security do not allow one to speak of compliance with complex requirements.
