In Brussels, the European Union has added Saudi Arabia to a blacklist of countries that pose a threat due to money laundering and financing terrorism. The EU’s move won’t trigger sanctions against Saudi Arabia but will force Europe’s banks to tighten controls on Saudi transactions. The EU also added four U.S. territories to its blacklist: Puerto Rico, Guam, American Samoa and the U.S. Virgin Islands.
EU Adds Saudi Arabia, U.S. Territories to “Dirty Money” Blacklist
HeadlineFeb 14, 2019