Question: Which of the following country was added by EU to dirty-money blacklist?
(b) Saudi Arabia
- The European Commission has added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations seen as posing a threat to the continent because of lax controls on terrorism financing and money laundering.
- The move is part of a crackdown on money laundering after several scandals at EU banks, but it has been criticized by several EU countries, including Britain.
- The 28 EU member states now have one month, which can be extended to two, to endorse the list. They could reject it by qualified majority.
- The list includes 23 jurisdictions, up from 16 added on the basis of strategic deficiencies in their anti-money laundering and countering terrorist financing regimes.
- Other newcomers to the list are Libya, Botswana, Ghana, Samoa, the Bahamas and the four United States territories of American Samoa, U.S. Virgin Islands, Puerto Rico and Guam.
- The other listed states are Afghanistan, North Korea, Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.
- Bosnia, Guyana, Laos, Uganda and Vanuatu were removed.
By Achyutanand Pandey