On 17 May 2023, the Council of the EU published a draft Commission Delegated Regulation amending Delegated Regulation (EU) 2016/1675 as regards adding Nigeria and South Africa to the table in point I of the Annex and deleting Cambodia and Morocco from that table.

The draft Delegated Regulation notes that the Financial Action Task Force (FATF) has updated its list of ‘Jurisdictions under Increased Monitoring’ since the last amendments to Delegated Regulation (EU) 2016/1675. At its plenary meeting in February 2023, the FATF added Nigeria and South Africa to its list and deleted Cambodia and Morocco from its list.

The draft Delegated Regulation adds Nigeria and South Africa to the list in Delegated Regulation (EU) 2016/1675 of countries with strategic deficiencies in their anti-money laundering/countering the financing of terrorism regimes that pose significant threats to the financial system of the EU. Cambodia and Morocco are being removed from the list.

The draft Delegated Regulation enters into force on the twentieth day following that of its publication in the Official Journal of the European Union.