North Korea poses threat to EU financial system: European Commission | NK News
July 20, 2024
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North Korea poses threat to EU financial system: European Commission

European Commission lists North Korea a “high risk” third country, proposes additional scrutiny

The European Commission has formally identified North Korea as a high-risk third country with strategic deficiencies in anti-money laundering and counter-terrorist financing, according to EU documents published Thursday.

North Korea is one of 11 countries listed by the EU's executive body in a document published supplementary to EU Directive 2015/849 - and if the listing is accepted - will be subject to further financial scrutiny. 

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