EU to overhaul money-laundering blacklist, pleasing Saudi Arabia
The kingdom may now be moved to a greylist involving a staged approach under which risk countries could commit to changing their rules
11 July 2019 - 16:24
Brussels — The EU is preparing an overhaul of its listing of countries that pose money-laundering risks, an EU confidential document shows, a review that could allow Saudi Arabia to be moved to a new greylist after having been briefly blacklisted.
The EU executive added the oil-rich kingdom in February to its blacklist of 23 jurisdictions that represent a threat to the bloc because of lax controls against terrorism financing and money laundering, but after Saudi pressure the list was struck down by EU states...
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