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EU adds Saudi Arabia, Panama to dirty-money blacklist

Reuters  |  STRASBOURG 

(Reuters) - The added Saudi Arabia, and other jurisdictions to a blacklist of nations that pose a threat to the bloc because of lax controls against financing and money laundering, the EU said on Wednesday.

In total 23 jurisdictions are listed. They are - Afghanistan, American Samoa, the Bahamas, Botswana, North Korea, Ethiopia, Ghana, Guam, Iran, Iraq, Libya, Nigeria, Pakistan, Panama, Puerto Rico, Samoa, Saudi Arabia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, and

Apart from reputational damage, inclusion on the list complicates financial relations with the EU. The bloc's banks will have to carry out additional checks on payments involving entities from listed jurisdictions.

(Reporting by in Brussels; editing by Philip Blenkinsop)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 16:27 IST
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