On 13 December 2023, the European Commission (Commission) published Commission Delegated Regulation (EU) of 12.12.2023 amending Delegated Regulation (EU) 2016/1675 as regards the deletion of the Cayman Islands and Jordan from the table in point I of the Annex.
Delegated Regulation 2016/1675 is provided for under the Fourth Money Laundering Directive (4MLD) and identifies in an annex third countries that have strategic deficiencies in their anti-money laundering / countering the financing of terrorism (AML/CFT) regimes that pose significant threats to the financial system of the EU.
The Financial Action Task Force (FATF) has updated its list of ‘Jurisdictions under Increased Monitoring’. At its plenary meeting in October 2023, the FATF deleted the Cayman Islands and Jordan from that list. Given those changes, the Commission has conducted an assessment to identify high-risk third countries in accordance with Article 9 of the 4MLD. The Commission’s assessment of the available information leads it to conclude that the Cayman Islands and Jordan no longer have strategic deficiencies in their AML/CFT regimes. It is therefore appropriate to delete the Cayman Islands and Jordan from the table in point I of the Annex to Delegated Regulation (EU) 2016/1675.
The Commission Delegated Regulation enters into force on the twentieth day following its publication in the Official Journal of the EU.