Anti-Money Laundering: European Commission To Revamp Blacklist - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
March 7, 2019
EUJustice Commissioner, Vera Jourova has said that the European Commission willoverhaul its proposed anti-money laundering blacklist so that it secures thebacking of EU member states.
Ina blow to the commission, member states were unanimous in formally rejecting onThursday a draft proposal listing 23 states and jurisdictions for allegedly notdoing enough to combat money laundering and terrorist financing.
Memberstates said that the proposal was not established in a transparent andresilient process that actively incentivises affected countries to takedecisive action while also respecting their right to be heard.
Jourovasaid she was disappointed,but pledged the commission would go back to memberstates to address concrete concerns.
Thateffort will lead to a list “that will not be put into question,” she added.
Thenames on the contested list include Saudi Arabia, several U.S. territories,Panama, and conflict-ravaged states such as Afghanistan, Iraq, Syria and Yemen.