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Image header Agence Europe
Europe Daily Bulletin No. 11686
Contents Publication in full By article 29 / 40
NEWS BRIEFS / Money-laundering

MEPs say black list of countries facilitating money-laundering needs improvement

09/12/2016 (Agence Europe)On Thursday 8 December, the European Parliament’s civil liberties and economic and monetary affairs committee voted by a wide majority in favour of a resolution rejecting the black list of eleven countries (North Korea, Iran, Afghanistan, Bosnia Herzegovina, Guyana, Iraq, Laos, Syria, Uganda, Vanuatu and Yemen) because their measures to tackle money-laundering and the financing of terrorism include loopholes that threaten the European financial system.  They rejected the list by 47 to 8 with 25 abstentions, feeling it to be too restrictive.  One of the rapporteurs on the resolution, Judith Sargentini (Greens/EFA, The Netherlands), said the list doesn’t mention non-cooperative jurisdictions fiscally and doesn’t take account of the Panama Papers revelations.  The resolution will be put to a vote at Parliament's plenary in January. (EL)

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