Updated on by
SCARS|RSN™ SCAM NEWS: Major Story – EU Blacklists Nigeria, Libya Over Money Laundering, Terrorism Financing
The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday.
“The European Commission adopted today a list of 23 third countries with weak rules against money laundering and terrorism financing. I would like first to explain the context and our main objectives.
“The EU must not be a destination for illicit money. The EU financial system must not serve as a vehicle for money laundering and must not serve as an instrument for financing crime including terrorism,” said Vera Jourova, EU commissioner for justice and gender equality.
The move triggered criticism from several EU states worried about their economic relations with the listed states, notably Saudi Arabia.
Despite pressure to exclude Riyadh from the list, the commission decided to add the kingdom to a list that now includes 23 jurisdictions.
The Commission also added Libya, Botswana, Ghana, Samoa, the Bahamas and the four United States territories of American Samoa, U.S. Virgin Islands, Puerto Rico and Guam.
Apart from reputational damage, inclusion on the list complicates financial relations with the EU with the bloc’s banks having to carry out additional checks on payments involving entities from listed jurisdictions.
The 28 EU states now have one month, which can be extended to two, to endorse the list. They could reject it by qualified majority.
Click On The Title In The Content Box Below To View The Full Story
Apart from reputational damage, inclusion on the list complicates financial relations with the EU with the bloc's banks having to carry out additional checks on payments involving entities from listed
A SCARS Division
Miami Florida U.S.A.
TAGS: Nigeria, Libya, Botswana, Ghana, Samoa, Bahamas, United States territories, American Samoa, U.S. Virgin Islands, Puerto Rico, Guam, Money Laundering, Support Terrorism, Scams, Scammers, Fraud, Fraudsters,
– – – – – – – – – – – – – – END – – – – – – – – – – – – – –
Tell us about your experiences with Romance Scammers in our Scams Discussion Forum on Facebook »
– – – – – – – – – – – – – – – – – –
FAQ: How Do You Properly Report Scammers?
It is essential that law enforcement knows about scams & scammers, even though there is nothing (in most cases) that they can do.
Always report scams involving money lost or where you received money to:
- Local Police – ask them to take an “informational” police report – say you need it for your insurance
- Your National Police or FBI (www.IC3.gov)
- The Scars Worldwide Reporting Network HERE or on www.Anyscam.com
This helps your government understand the problem, and allows law enforcement to add scammers on watch lists worldwide.
– – – – – – – – – – – – – – – – – — – – – – – – – – – – – – – – – – –
Visit our NEW Main SCARS|RSN Facebook page for much more information about scams and online crime: www.facebook.com/RSN.Main.News.And.Information.Home.Page
To learn more about SCARS visit www.AgainstScams.org
Please be sure to report all scammers HERE or on www.Anyscam.com
All original content is Copyright © 1991 – 2019 SCARS All Rights Reserved Worldwide & Webwide – SCARS|RSN/Romance Scams Now & SCARS/Society of Citizens Against Relationship Scams are all trademarks of Society of Citizens Against Relationship Scams Incorporated
Latest posts by SCARS|RSN Romance Scams Now Editorial Team (see all)
- SCARS|RSN™ Insight: National Cyber Strategy Of The United States Of America - June 24, 2019
- SCARS|RSN™ Scam & Scamming News: Bunbury Australia Grandmother Jailed Over ‘Lover’ Scam - June 22, 2019
- SCARS|RSN™ Psychology of Scams: Jay Shetty on Letting Go! [Video] - June 21, 2019
- SCARS|RSN™ Psychology of Scams: TEDed Introduction To Post Traumatic Stress Disorder [VIDEO] - June 20, 2019
- SCARS|RSN™ Scam & Scamming News: Nigerian EFCC Arrests Another 27 Scammers - June 20, 2019