Wednesday, July 9, 2025
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 Faces New Crisis as Rival Forces Mobilize in Tripoli

Libya Declares EU Ministers Unwelcome After Diplomatic Dispute in Benghazi

Italy to Provide Boats to Libyan Coast Guard to Curb Migration

Belgassem Haftar Signs Deal to Renovate Benghazi Medical Campus

Barcelona to Launch Football Academy in Libya’s Benghazi

Libya’s Oil Sector Faces Huge Losses

EDITOR PICKS

Libya Plans to Expand Diplomatic Outreach

Libya Declares EU Ministers Unwelcome After Diplomatic Dispute in Benghazi

Libya Faces New Crisis as Rival Forces Mobilize in Tripoli

Italy to Provide Boats to Libyan Coast Guard to Curb Migration

Belgassem Haftar Signs Deal to Renovate Benghazi Medical Campus

Libya & Bosnia Explore New Direct Air Route

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

© 2024 LR

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

© 2024 LR