Audio By Carbonatix
European Union member states have unanimously rejected a proposal by the EU executive Commission to blacklist 23 countries and territories it believes pose a high risk of money laundering or terrorist financing.
In a rebuke for the EU Commission, the member states said in a statement Thursday that the proposal "was not established in a transparent and resilient process."
The list included such nations like Saudi Arabia, North Korea and Nigeria, and four U.S. overseas territories, which drew the ire of the U.S. government.
The list is used to increase checks and investigations on financial transactions from those countries and territories to find suspicious money flows.
The EU Commission will now have to set up a new list and take the concerns of the member states into consideration.
Latest Stories
-
Techiman hosts historic launch of GJA Bono East Chapter: Regional pact for balanced journalism
29 minutes -
Kasoa: Boy, 6, drowns in open water tank while retrieving football
48 minutes -
Five-year-old boy dies after getting caught in ski travelator
3 hours -
‘This is an abuse of trust’- PUWU-TUC slams gov’t over ECG privatisation plans
3 hours -
Children should be protected from home fires – GNFSÂ
3 hours -
Volta Regional Minister urges unity, respect for Chief Imam’s ruling after Ho central mosque shooting
3 hours -
$214M in gold-for-reserves programme not a loss, Parliament’s economy chair insists it’s a transactional cost
4 hours -
Elegant homes estate unveils ultra-modern sports complex in Katamanso
4 hours -
ECG can be salvaged without private investors -TUC Deputy Secretary-General
4 hours -
Two pilots killed after mid-air helicopter collision in New Jersey
4 hours -
2025 in Review: Fire, power and the weight of return (January – March)
5 hours -
Washington DC NPP chairman signals bid for USA chairmanship
5 hours -
Sheikh Ali Muniru remains Volta regional Imam, says National chief Imam
5 hours -
GoldBod CEO accuses Minority of hypocrisy over Gold-for-Reserves losses
5 hours -
Sammy Gyamfi to address alleged losses under gold for reserves programme on Jan 5
5 hours