EU removes Tunisia from money laundering blacklist

The European Union (EU) has removed Tunisia from its list of countries that pose threats to the financial system over money laundering and terrorism financing because of lack of legislation at home, reports indicated.

The draft document prepared by the European Commission is set to take six countries including Tunisia out the blacklist.

The list includes countries which pose significant threats to the financial system of the Union. Banks in the union and other financial and tax firms must check more closely their clients who have operations with countries on the list.

While removing Tunisia and five others, the commission has added a set of other countries namely Panama, the Bahamas, Mauritius, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mongolia, Myanmar, Nicaragua and Zimbabwe.

TunisianMonitorOnline

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