The EU has updated its list (Delegated Regulation 2025/1184) of countries in which it considers controls against money laundering or terrorist financing are poor. Any European business dealing with businesses in these countries is expected to enhance their financial due diligence checks and internal governance for contract review and sign-off.
Due diligence checking of new (and existing) suppliers is an essential fraud mitigation tool for any business, including food businesses. The overall level of regulatory control in a given country, along with generic cultural attitudes to bribery and corruption, will inform this risk scoring. A data source used by many businesses is the Corruption Perceptions Index league table published annually by Transparency International.
