Saturday, July 25, 2026
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libya Removed From EU’s Money Laundering Blacklist

May 6, 2020
Share on FacebookShare on Twitter

Libya has been removed from the 2019 blacklist of states that engage in money laundering and finance terrorism by the Financial Commission of the European Union.

Saudi Arabia was also removed, while Tunisia remained on the list.

Since March 2019, the blacklist has been a point of controversy among EU member states.

A number of European ministers have claimed that the list was not constructed transparently and did not allow shortlisted countries to take measures to ease sanctions.

The Commission did not clarify the reasons for removing Libya from the blacklist, although the new EU draft list largely mirrors a listing compiled by the global Financial Action Task Force (FATF), which sets the global standard for efforts to curb money laundering.

This new list aims to intensify controls over the countries that pose the greatest risks for money laundering.

On Thursday, the Commission will suggest giving the European Union more powers to tackle financial malfeasance within the bloc after a spate of scandals at large banks dented the EU’s reputation.

Tags: BlacklisteuEuropean UnionlibyaMoney Laundering
Next Post

Head of Turkish Peoples' Democratic Party Condems Libya Intervention

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

European Aviation Agency Renews Libya Airspace Security Advisory

Widespread Power Outages Hit Eastern & Western Libya Amid Extreme Heat

Why Libya’s $87.9 Billion in Foreign Reserves Isn’t Improving Living Standards?

US Treasury Targets Alleged Hamas Financing Network With New Sanctions

Libya Approves Qatar Airways Branch Ahead of Flight Resumption

45% of Libya Farm Samples Exceed Pesticide Limits

EDITOR PICKS

Libyan Justice Sector Workers Demand Salary Law Implementation

45% of Libya Farm Samples Exceed Pesticide Limits

US Imposes 12.5% Tariff on Imports From Libya

Libya Approves Qatar Airways Branch Ahead of Flight Resumption

Libya’s Benghazi Detains 109 Migrants

Why Libya’s $87.9 Billion in Foreign Reserves Isn’t Improving Living Standards?

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR