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Decision No 1080/2011/EU of the European Parliament and of… Article 12

Decision No 1080/2011/EU of the European Parliament and of… Article 12

Non-cooperative jurisdictions

Article 12

In its financing operations, the EIB shall not tolerate any activities carried out for illegal purposes, including money laundering, financing of terrorism, tax fraud and tax evasion. In particular the EIB shall not participate in any financing operation implemented in an eligible country through a foreign non-cooperative jurisdiction identified as such by the OECD, the Financial Action Task Force or other relevant international organisations.

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Other provisions in Decision No 1080/2011/EU of the European Parliament and of…

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 12 of Decision No 1080/2011/EU of the European Parliament and of… (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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