'The governments of the EU member states have ‘unanimously’ rejected a blacklist of countries that have failed to tackle money laundering and terrorism financing. The paper cited four US territories and was slammed by Washington.
The Council of the European Union has “unanimously decided to reject” the list of “high-risk third countries” – a paper that would require banks and financial institutions operating in Europe to “be more vigilant and to carry out extra checks in the context of transactions” involving these nations.
The document in question was drafted by the European Commission and was supposed to identify the nations that “have strategic deficiencies in their anti-money laundering and terrorist financing regimes,” which could thus pose “significant threats” to the bloc’s financial system.
Surprisingly, as many as four US territories - American Samoa, Guam, Puerto Rico, and the US Virgin Islands – found themselves on the list. They were put there alongside about two dozen –mostly Asian and African– nations, including those suffering from acute political and economic turmoil as well as armed conflicts, such as Syria, Yemen or Libya.'
Read More: Caving in to the US? Brussels kills its own money laundering ‘blacklist’ after Washington criticism