50 shades of black + 254 February 13, 2019 The European Union snubbed Saudi Arabia by adding it to its blacklist of havens for money-laundering and terrorist financing Wednesday, joining the likes of Iran, Syria and North Korea. The list of 23 jurisdictions, which also includes Panama, Puerto Rico and American Samoa, updates an earlier, shorter list. The EU didn’t provide details on why the countries were blacklisted. EU banks and other institutions covered by the bloc’s anti-money-laundering rules must undertake greater due-diligence over financial operations with listed countries. EU Justice Commissioner Věra Jourová said the list was aimed at ensuring “dirty money from other countries does not find its way into our financial system.” She urged the listed countries “to remedy their deficiencies swiftly.” Saudi Arabia has been accused of helping or allowing the financing of terrorists since the attacks of Sept. 11, 2001. The Saudi government didn’t immediately respond to a request for comment. https://www.wsj.com/articles/europe-adds-saudi-arabia-to-dirty-money-blacklist-11550075013?mod=e2tw Quote Share this post Link to post Share on other sites
Pavel + 384 PP February 13, 2019 Just now, 50 shades of black said: (...) Saudi Arabia has been accused of helping or allowing the financing of terrorists since the attacks of Sept. 11, 2001. The Saudi government didn’t immediately respond to a request for comment. ... only took 18 years. 1 Quote Share this post Link to post Share on other sites
pinto + 293 PZ February 13, 2019 According to EU, it's something we already know: They are a money laundering and terrorist funding center! 1 Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB February 13, 2019 About time. Quote Share this post Link to post Share on other sites
shadowkin + 584 EA February 20, 2019 This won't stop Europe or the US or many other countries from taking their money but the Europeans are an especially hypocritical bunch. Btw, Saudi and Pak are #1 sources of terrorist support system including money, terrorists, and logistics. Quote Share this post Link to post Share on other sites