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EU states move toward possible rejection of money-laundering blacklist

EU states move toward possible rejection of money-laundering blacklist

BRUSSELS: The adoption of a European Union money-laundering blacklist, which includes Saudi Arabia and four Unites States territories, could be blocked by EU governments under a procedure initiated on Thursday, two EU diplomats told Reuters.At a meeting on Thursday, some national envoys opposed the adoption of the list, triggering a process that could lead to the delay or withdrawal of the blacklist, the diplomats said.One diplomat said many EU countries have been under pressure from Saudi Arabia and Washington to scrap the list.

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