EU to add Saudi, Panama to list of nations failing to curb money laundering
The blacklist includes the Gulf kingdom and more than 20 other territories over alleged failures to fight illicit cash flows, the paper said citing European Union officials
 "money laundering")
Money laundering | Photo: iStock
The European Commission is planning to name Saudi Arabia and Panama in a list of high-risk countries that fail to fight money laundering, despite resistance from Germany, France and the UK, the Financial Times reported on Friday.
The blacklist includes the Gulf kingdom and more than 20 other territories over alleged failures to fight illicit cash flows, the paper said citing European Union officials.
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First Published: Feb 08 2019 | 10:54 AM IST