The European Commission has adopted a Delegated Regulation that amends an earlier Delegated Regulation that sets out the list of third countries that have strategic deficiencies in their anti-money laundering / countering the financing of terrorism regimes. The adopted Delegated Regulation adds Ethiopia to the list of high-risk third countries.
In terms of next steps, the Council of the EU and the European Parliament will consider the Delegated Regulation. If neither object, the Delegated Regulation will be published in the Official Journal of the EU and will enter into force 20 days after.