Stella Dimoko Korkus.com: European Union Adds Nigeria And Others To Dirty-Money Blacklist

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Thursday, February 14, 2019

European Union Adds Nigeria And Others To Dirty-Money Blacklist

Nigeria, Saudi Arabia and Panama are among the countries added by the European Commission to blacklisted nations for posing threats because of lax controls on terrorism financing and money laundering.






The listing of the countries is part of a crackdown against money laundering after several scandals hit banks in European Union (EU) in recent months.
But the development has triggered criticism from several EU states. They are worried about their economic relations with the listed states, notably, Saudi Arabia.


The criteria used to blacklist countries include low sanctions against money laundering and terrorism financing, insufficient cooperation with the EU on the matter and lack of transparency over the beneficial owners of companies and trusts.


Five of the listed countries are already included on a separate EU blacklist of tax havens. They are: Samoa, Trinidad and Tobago and the three United States (U.S.) territories of American Samoa, Guam and U.S. Virgin Islands.

From the nation

12 comments:

  1. And for the past 16 years, we were not black listed. And just years of APC ruling, we are black listed. Naija which way?

    ReplyDelete
    Replies
    1. We only have Buhari/APC/tinuvu to thank for this retrogression !!!!!

      Delete
  2. Replies
    1. Seriously working underground

      Delete
  3. When Nigeria begins to fall in same category with Saudi,thats a pointer to Islam confines,no thanks to the fanatic Islamist President she has....

    ReplyDelete
  4. This is terrible. One day,one story.

    ReplyDelete
  5. Abegiiii! Na today? Make dem kukuma put us for rainbow colour list make dem rest. When we repent, we go dey use hypo wash our name make e clean. Blacklist small na.

    ReplyDelete
  6. This reminds me of Raymond Reddington and Dembe.

    ReplyDelete
    Replies
    1. Yay my Blacklist people 😀, Raymond is the illest abeg, and the only reason I watch that show.

      Delete
  7. e go be🙌🙌🙌

    ReplyDelete
  8. Transferring tangible sum of money from Europe will become an almost impossible task. Naija weldone o

    ReplyDelete

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