EU to add Panama, Bahamas, Mauritius to money-laundering blacklist
- The European Commission is set to include Panama, the Bahamas, Mauritius and nine other countries to its list of states that pose a financial risks to the bloc because of anti-money laundering and terrorism financing shortfalls.
- The document, expected to be published on Thursday, also includes Barbados, Botswana, Cambodia, Ghana, Jamaica, Mongolia, Myanmar, Nicaragua and Zimbabwe to the EU listing.
- Countries on the list “pose significant threats to the financial system of the Union,” the draft document, which is still subject to changes, says.
- Under EU law, banks and other financial and tax firms are obliged to scrutinize more closely their clients who have dealings with countries on the list.