EU states block blacklisting Saudi, Panama over dirty money

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EU states block blacklisting Saudi, Panama over dirty money
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The 28 member states of the European Union all backed a decision on Thursday to ...

BRUSSELS - The 28 member states of the European Union all backed a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to a blacklist of countries suspected of being lax on terrorist financing and money laundering.

The Commission had published last month a provisional blacklist with 23 jurisdictions, including the four U.S. territories of American Samoa, U.S. Virgin Islands, Puerto Rico and Guam, in a move that Washington said was “flawed”. She raised doubts about the motivations of EU states for blocking the list, and said she will consult them again before a new list could be prepared.

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