SAHARANEWS – Nigeria blacklisted by EU over government funding of terrorism. Panama, Nigeria, and a number of US territories have also been added to the list in the latest review.
EU maintains that banks must carry out extra stringent checks on payments involving entities from listed jurisdictions.
The list now includes 23 financial jurisdictions, up from its previous 16. Brussels added Saudi Arabia, Libya, Botswana, Ghana, Samoa, the Bahamas and the four United States territories of American Samoa, US Virgin Islands, Puerto Rico and Guam.
The listed states that were already included are Afghanistan, North Korea, Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.
Some states were removed from the blacklist after the EU judged them to have improved: Bosnia Herzegovina, Guyana, Laos, Uganda and Vanuatu.
Countries can get on the list of they do not cooperate sufficiently with the EU, lack transparency, or have weak sanctions against money laundering or the financing of terrorism.