The European Union has updated its list of third countries with strategic deficiencies in their anti-money laundering (AML) regimes, removing the Bahamas, Botswana, Ghana, Iraq and Mauritius from the list. Nine countries have been added to the list, although they have provided written high-level political commitments to address the identified deficiencies and have developed remedial plans with the global Financial Action Task Force. The relevant European Commission regulation was forwarded to EU finance ministers for formal consultation on 10 January 2021. If accepted, it will come into force 20 days after being gazetted...