July 16 2016
The Voice of America said Saturday that the European Union has formally identified North Korea as a “high-risk third country with strategic deficiencies in anti-money laundering and counterterrorist financing.” According to the U.S. broadcaster, the European Commission said through a media release on Thursday that it has formally adopted a list of third countries having strategic deficiencies in their regimes on Anti-Money Laundering(AML) and Countering Terrorist Financing(CFT).
North Korea is one of eleven countries listed by the EU’s executive body. The commission said the listing “ensures uniform, binding effects at EU level, completing the EU framework in that context.” The other countries on the list are Afghanistan, Bosnia and Herzegovina, French Guiana, Iraq, Laos, Syria, Uganda, Vanuatu, Yemen and Iran.