EU Thwarts Proposal to Add Saudi Arabia to Money-Laundering List

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EU Thwarts Proposal to Add Saudi Arabia to Money-Laundering List

Envoys from EU's 28 member states on Wednesday rejected a plan by the European Commission to add Saudi Arabia and other nations to the bloc's money-laundering blacklist, AFP reported.

The rejection will be made office during the EU interior ministers' upcoming meeting in Brussels Thursday.

According to a statement to be approved during the meeting, EU governments "cannot support the current proposal", noting that the list "was not established in a transparent and resilient process that actively incentivizes affected countries to take decisive action while also respecting their right to be heard."

Source: Kataeb.org