Vera Jourova Archives - Jean-Jacques Cornish https://jjcornish.com/tag/vera-jourova/ The low down on African affairs Wed, 13 Feb 2019 22:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/jjcornish.com/wp-content/uploads/2020/05/cropped-Fountain_Pen_favicon-812.png?fit=32%2C32&ssl=1 Vera Jourova Archives - Jean-Jacques Cornish https://jjcornish.com/tag/vera-jourova/ 32 32 EU adds to its blacklist of dirty money countries https://jjcornish.com/2019/02/eu-adds-to-its-blacklist-of-dirty-money-countries/ Wed, 13 Feb 2019 22:00:00 +0000 https://jjcornish.com/2019/02/eu-adds-to-its-blacklist-of-dirty-money-countries/ The European Union added Nigeria, Saudi Arabia and Panama to its list of countries with poor controls over financing terrorism and money laundering. 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 […]

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]]> The European Union added Nigeria, Saudi Arabia and Panama to its list of countries with poor controls over financing terrorism and money laundering.

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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