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.