What happens when a country ends up on the FATF AML Deficient List and EU Tax Blacklist?

[Rome]

What really happens when a country ends up on he FATF AML Deficient List and/or EU Tax Blacklist?
Does this only affect in bank transfers being questioned?

 

[JackAlabama]

Rome said:
What really happens when a country ends up on he FATF AML Deficient List and/or EU Tax Blacklist?
Does this only affect in bank transfers being questioned?
Click to expand...

depends. Can range from a classical dgaf approach (what the ideal outcome should be everywhere to reject these globalist and non democratic agencies), to transfers to/from blocked or bills not accepted as expense etc. or you being auto-sus in the eyes of the people and agencies (that depends on the level of socialism and totalitarian atmosphere present in your country).

 

[Martin Everson]

Rome said:
What really happens when a country ends up on he FATF AML Deficient List and/or EU Tax Blacklist?
Does this only affect in bank transfers being questioned?
Click to expand...

For EU blacklist. I discussed this already below. It's not that powerful or respected globally outside EU.

https://www.offshorecorptalk.com/threads/bvi-blacklist.40300/post-248014
For FATF the US bends you over pulls your pants down and makes you hold your ankles while sticking it in and shouting at you to look back at them and make eye contact. You get the picture? It is not something you ever want to be on and makes you a target for "regime change" 😉.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.