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| Europe |
| EU adds Saudi Arabia to draft terrorism financing list |
| 2019-01-26 |
| [Aljazeera] Kingdom was determined to have fallen short in combating money laundering and terror financing, Reuters reports. The European Commission has added Saudi Arabia to an EU draft list of countries that pose a threat to the bloc because of lax controls against "terrorism financing" and "money laundering", sources told Reuters news agency. The move comes amid heightened international pressure on Saudi Arabia following the brutal murder of Saudi journalist Jamal Khashoggi. The EU's list currently consists of 16 countries, including Iran, Iraq, Syria, Afghanistan and North Korea, and is mostly based on criteria used by the Financial Action Task Force (FATF), a global body composed by wealthy nations meant to combat money laundering and terrorism financing. But the list has been updated this week, using new criteria developed by the EU Commission since 2017. Saudi Arabia is one of the countries added to the updated list that is still confidential, one unidentified EU source and one unnamed Saudi source were quoted as saying. |
| Posted by:Besoeker |