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
-
Hawa Koomson pledges experienced and mature leadership of NPP women’s wing
1 hour -
Young woman found dead at Kasoa Peace Town
2 hours -
Playback: The Law examined lawful arrest in Ghana
2 hours -
Mahama urges African governments to treat healthcare as an investment, not budget cost
3 hours -
Bawumia congratulates John Boadu and new NPP executives, pledges support ahead of 2028
3 hours -
‘No talent should be left out’ – Bawumia pledges inclusive NPP campaign for 2028
3 hours -
Prof. Mike Oquaye recounts how he blocked the Special Prosecutor’s attempt to arrest Bawku Central MP
3 hours -
Make health sovereignty a priority for Africa – Mahama
3 hours -
Dorimon Naa, Wa West DCE lead massive clean-up exercise; threaten sanctions against recalcitrant residents
4 hours -
Photos from Adom FM Y2K Jam
4 hours -
Praye Tiatia steals the show at Adom FM Y2K Jam [Watch]
4 hours -
Boakye Agyarko congratulates John Boadu, pledges support for NPP leadership
4 hours -
Antwi HiMight thrills fans with Antwi ne Antwi hits at Adom FM’s Y2K Jam [Video]
4 hours -
Amb. Edward Boateng congratulates Boadu, Kodua on election wins
5 hours -
John Boadu pledges to rebuild NPP from grassroots and restore ‘winning machinery’
5 hours