U.S. Rejects New European Dirty-Money Blacklist

The U.S. Treasury Department on Wednesday told American banks they can ignore an updated European Union blacklist of dirty-money hotspots, calling into question the EU’s methodology for developing the list, which includes several U.S. territories.

The list, released Wednesday, results from efforts by the EU to tighten longstanding measures against money laundering and terrorism financing since the publication of the Panama Papers in 2016, which revealed how global elites avoided taxes or laundered money through offshore shell…

... read more at: https://www.wsj.com/articles/europe-adds-saudi-arabia-to-dirty-money-blacklist-11550075013

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