The EU Commission has proposed to put Saudi Arabia on a list of countries not doing enough against money laundering and the financing of terrorism do. Concern for the economic relations was immediately loud.
In addition to Saudi Arabia 22 more countries on the EU list. But the Gulf state, the Commission devotes special attention. He was one of the countries of their systems to combat money laundering and financing of Terrorism “strategic deficiencies” had said justice Commissioner Vera Jourova. It called on the countries listed to fix your faults quickly. The Commission is ready, with the countries to cooperate.
More Complicated Financial Relations
Criticism came from several EU countries that are concerned about their economic relations with these countries, especially to Saudi Arabia. In addition to the reputational damage that is associated with the entry, also the financial relations more complicated. Because banks and financial institutions in the European Union must henceforth apply in the case of transactions with these countries have special safety precautions.
Justice Commissioner Jourova offers countries concerned your help (archive image)
On the list are located primarily in middle East and African countries, the struggle with extremism – such as Iraq, Syria, Libya, and Nigeria. But also the so-called tax havens, these as the Bahamas and Panama.
Still not enough
The financial policy spokesman of the Green party in the EU Parliament, Sven Giegold, welcomed the decision of the Commission: “the fight against dirty money that’s real progress.” In the face of money-laundering scandals within the EU, the Commission should speed up but also the examination of member States.
fab/ww (afp, dpa, rtr)