EU Adds Russia to High-Risk AML/CFT List

Overview

• EU entities covered by anti-money-laundering rules must apply enhanced vigilance and strengthened due diligence to Russia‑related transactions.
• The delegated regulation takes effect after a one‑month non‑objection period by the European Parliament and the Council, which can be extended by another month.
• The Commission’s assessment, drawing on public sources and member‑state inputs, concluded Russia meets the criteria for high‑risk designation, with internal notes citing limited information‑sharing from Moscow as a challenge.
• FATF previously suspended Russia but did not place it on its blacklist, prompting the EU to act through its own listing process.
• AMLA is slated to help draft future blacklists from July 2027, and Dutch official Hennie Verbeek‑Kusters faces a December 15 vote to join the authority’s executive board.