Money Laundering: EU Blacklists Six African Countries - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
February 20, 2019
The European Union has published a list of countrieswhose banking systems have loopholes that could facilitate money laundering,illicit financial flows, terrorism financing and more importantly humantrafficking.
Among the 23 countries blacklisted by the EU are sixAfrican states namely Botswana, Ethiopia, Ghana, Libya, Nigeria, and Tunisia.
Consequently, the European Union has taken a seriesof measures to protect its banking system, she said, so that it would not be aconduit for serious international crime.