Thursday, March 12, 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

Libya Partners With China’s ZTE to Upgrade National Telecom Network

Libya Repatriates 181 Nigerian Migrants from Benghazi in IOM-Backed Operation

Human Rights Group Condemns Dbaiba’s Meeting with Controversial Militia Leader

UN Warns of Growing Sudanese Refugee Crisis in Libya

Concerns Mount Over Extremist Networks in Western Libya

Deadly Desert Journey: 2 Migrants Killed After Vehicle Overturns in Southern Libya

EDITOR PICKS

Libya Secures Court Victory as Dutch Judges Reject Foreign Asset Seizure Attempt

Libyan Tribes Urge Prosecutor to Investigate Killing of Saif al-Islam Gaddafi

Deadly Desert Journey: 2 Migrants Killed After Vehicle Overturns in Southern Libya

Human Rights Watch Urges Libya to Hand Over ICC Suspects

Libya Repatriates 181 Nigerian Migrants from Benghazi in IOM-Backed Operation

Libya Expands Digital Payments With New E-Wallet Rules and Transfer Limits

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

© 2024 LR

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

© 2024 LR