They’ve become part of the 23 countries blacklisted by the European body seeking to avoid becoming a destination for illicit money.

The European Union’s Commissioner for Justice and Gender Equality Vera Jourova explains that the grouping is determined to avoid allowing its financial system to serve as a vehicle for money laundering or as an instrument for financing crime including terrorism. 

Placing Saudi Arabia on the dirty money list has caused a rift between the EU Commission and some of the larger member states who regard the Kingdom as an important ally despite recent tension over the killing of dissident journalist Jamal Khashoggi.

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Premier David Cameron ridicule by not inviting Fifa, Panama or British Virgin Island to the gathering.

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Until he raised the diplomatic storm with Nigeria with his unguarded comments to Queen Elizabeth, Prime Minister David Cameron was being called brave for calling an anti-corruption summit so soon after the Panama Papers revealed where the super rich were hiding their money.

Cameron will announced that foreign firms  owning  property in Britain  will have to declare their assets publicly in a bid to stamp out money-laundering.

One in 10 properties in the salubrious London West end are owned by foreigners.

One in three international tax havens is British, putting the UK under pressure to do more to stop dodging costing  governments – many of them in developing countries – $170 billion a year.

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