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EU removes Tunisia from money blacklist

One month after issuing a draft resolution, the European Union has removed Tunisia from its list of countries that pose threats to the financial system over money laundering and terrorism financing because of lack of legislation at home.

The European Commission last month drafted a new list minus several countries including Tunisia.

The list was set for approval this month.

The organization ordered banks and other financial and tax firms to check more closely their clients who have operations with countries on the list.

Unlike Tunisia, Bosnia-Herzegovina, Ethiopia, Guyana, Lao People’s Democratic Republic and Sri Lanka that have been retrieved from the list, the commission added 12 countries namely Panama, the Bahamas, Mauritius, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mongolia, Myanmar, Nicaragua and Zimbabwe, which pose threats significant threats to the financial system of the Union.

Short URL: http://me-confidential.com/?p=22788

Posted by on Jun 12 2020. Filed under Finance, Headlines, World News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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