EU States Block Blacklisting Saudi, Panama Over Dirty Money

The 28 member states of the European Union all backed a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to a blacklist of countries suspected of being lax on terrorist financing and money laundering.The decision comes after pressure from Riyadh and other listed jurisdictions not to be blacklisted. EU states said in a statement the unanimous decision was taken because the European Commission’s proposed list was not established in a transparent process that encouraged countries to take action while also respected their right to be heard.

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As I know, Saudi Arabia has the best dirty money laundromat, but they do it publicly.

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Meanwhile: stick and carrot. "At least 36 countries, including all 28 EU members, have signed a statement criticizing Saudi Arabia's human rights record at the United Nations Human Rights Council on Thursday, diplomats said."

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Dirty money. Retired General John Abizaid, President Trump’s nominee to be ambassador to Saudi Arabia, defended the U.S.-Saudi relationship as U.S lawmakers accused the kingdom of a litany of misdeeds and Senator Marco Rubio criticized its crown prince as going “full gangster.”

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Surprised...No.It's so clear. Britain and France are the No. 2 and No. 3 arms suppliers to Saudi Arabia, according to the Stockholm International Peace Research Institute. The EU, meanwhile, is a big user of of Saudi oil and an eager recipient of investment from Riyadh’s $230 billion sovereign fund....

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14 minutes ago, pinto said:

As I know, Saudi Arabia has the best dirty money laundromat, but they do it publicly.

The fight against money-laundering and terrorism financing should be main point all the EU’s 28 member states can agree on. But, as we see, money talking....

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