Home / World News / EU to add Saudi, Panama to list of nations failing to curb money laundering

EU to add Saudi, Panama to list of nations failing to curb money laundering

The blacklist includes the Gulf kingdom and more than 20 other territories over alleged failures to fight illicit cash flows, the paper said citing European Union officials

Money laundering | Photo: iStock

Last Updated : Feb 08 2019 | 1:08 PM IST

The European Commission is planning to name Saudi Arabia and Panama in a list of high-risk countries that fail to fight money laundering, despite resistance from Germany, France and the UK, the Financial Times reported on Friday.

The blacklist includes the Gulf kingdom and more than 20 other territories over alleged failures to fight illicit cash flows, the paper said citing European Union officials.