Panama, the Bahamas, and Mauritius are to be added to an EU blacklist of countries that “pose significant threats to the financial system of the European Union” on money-laundering grounds due to lax legislation at home, Reuters reports, citing a draft EU document.
Barbados, Botswana, Cambodia, Ghana, Jamaica, Mongolia, Myanmar, Nicaragua and Zimbabwe are also on the list, meaning EU banks must do enhanced due diligence on transactions.
Related Posts:
EU to set up new money laundering blacklist- Brussels’ dirty money blacklist triggers US backlash
- US accountant pleads guilty in Panama Papers investigation
- US money laundering expert arrested – for money laundering
- Money ‘muling’ is money laundering: NECC launches…
- ‘Money mule’ for online fraudster sentenced for…
