Back to black – but not quite yet: revised methodology agreed but no new EU blacklist before 2020

Zia Ullah(+44 161 831 8454,ziaullah@eversheds-sutherland.com) is a Partner andRuth Paley(+44 207 919 0527,ruthpaley@eversheds-sutherland.com) is Of Counsel at Eversheds Sutherland.

The European Council met on 11 October [2019] to discuss a revised methodology to be used in the creation of a new EU blacklist of ‘high-risk third countries’ with strategic anti-money laundering and counter terrorist financing (AML/CTF) deficiencies. Zia Ullah and Ruth Paley of Eversheds Sutherland LLP examine the proposed amendments and consider whether these are likely to address the Council’s earlier criticisms of a previous draft list.