EU PARLIAMENT BACKS KEEPING TUNISIA, SRI LANKA AND TRINIDAD& TOBAGO ON MONEY LAUNDERING BLACKLIST

On 7^th February, Law 360 reports that the European Parliament has voted to keep 3 countries on Europe’s money laundering blacklist, despite “intense efforts” by some members to get them removed.   The Parliament  felt that Tunisia, Sri Lanka and Trinidad and Tobago should be kept on the list as being of a high risk for money laundering and terrorist financing due to what are considered strategic deficiencies in their AML/CFT regimes.

https://www.law360.com/articles/1009967

http://www.europarl.europa.eu/news/en/press-room/20180202IPR97031/meps-confirm-commission-blacklist-of-countries-at-risk-of-money-laundering

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017