Informed Comment Homepage

Thoughts on the Middle East, History and Religion

Header Right

  • Featured
  • US politics
  • Middle East
  • Environment
  • US Foreign Policy
  • Energy
  • Economy
  • Politics
  • About
  • Archives
  • Submissions

© 2025 Informed Comment

  • Skip to content
  • Skip to primary sidebar
Saudi Arabia

European Union to add Saudi Arabia to Money Laundering, Terror Blacklist

AFP 02/15/2019

Tweet
Share
Reddit
Email

The European Commission proposed adding seven countries including Saudi Arabia to the EU’s money-laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime

Brussels (AFP) – The European Commission on Wednesday proposed adding seven countries including Saudi Arabia to the EU’s money-laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime.

The move comes as tensions between Riyadh and European capitals are heightened over the murder last year of the columnist Jamal Khashoggi at the Saudi consulate in Istanbul.

The proposal must now be approved by the European Parliament and the 28 member states, with France and Britain against the new list.

The new countries targeted by the commission, including Saudi Arabia and Panama, would join another 16 already on this register — such as Iran, Iraq, Pakistan, Ethiopia and North Korea.

Inclusion on the list does not trigger sanctions, but it does oblige European banks to apply tighter controls on transactions with customers and institutions in those countries.

“We have put in place the highest standards in the world in the fight against money laundering,” said European Commissioner for Justice Vera Jourova.

“But we must ensure that dirty money from other countries does not end up in our financial system,” she told a press conference at the European Parliament plenary session in Strasbourg.

“Dirty money is the driving force behind organised crime and terrorism,” Jourova continued, urging countries on the list to “quickly remedy their shortcomings”.

A diplomat said objections to the new list were not linked to fallout from the Khashoggi murder and a desire to appease Saudi Arabia.

There is not “an opposition to the addition of a particular country”, but concerns over the “methodology” used.

MEP Eva Joly, a former investigating judge, welcomed the new list but suggested the commission “publish the country assessments in order to increase the transparency of the process and avoid accusations of political bargaining.”

European countries such as Cyprus or the United Kingdom should also be on the list, she said.

© Agence France-Presse

Featured Photo: “Tensions between Riyadh and European capitals have been heightened by the murder last year of the columnist Jamal Khashoggi at the Saudi consulate in Istanbul (AFP Photo/OZAN KOSE).”

Filed Under: Saudi Arabia

About the Author

AFP is a global news agency delivering fast, accurate, in-depth coverage of the events shaping our world from conflicts to politics, economics, sports, entertainment and the latest breakthroughs in health, science and technology. Headquartered in Paris, France, and founded in 1835, Agence France Presse is the third largest news agency in the world, after the Associated Press (AP) and Reuters. It has bureaus in 150 countries.

Primary Sidebar

Support Independent Journalism

Click here to donate via PayPal.

Personal checks should be made out to Juan Cole and sent to me at:

Juan Cole
P. O. Box 4218,
Ann Arbor, MI 48104-2548
USA
(Remember, make the checks out to “Juan Cole” or they can’t be cashed)

STAY INFORMED

Join our newsletter to have sharp analysis delivered to your inbox every day.
Warning! Social media will not reliably deliver Informed Comment to you. They are shadowbanning news sites, especially if "controversial."
To see new IC posts, please sign up for our email Newsletter.

Social Media

Bluesky | Instagram

Popular

  • Are Cyberattacks and Iran's Port Explosion the First Salvo in Disrupting U.S.-Iran Nuclear Talks?
  • Trump, the Suez Canal, and the end of Eisenhower's World Order
  • My Palestine: An Impossible Exile
  • Rümeysa Öztürk freed, as Judge Warns of Grave Threat to Free Speech
  • Even as it Strikes Deals with Trump, the Gulf Embraces Chinese Tech Giants

Gaza Yet Stands


Juan Cole's New Ebook at Amazon. Click Here to Buy
__________________________

Muhammad: Prophet of Peace amid the Clash of Empires



Click here to Buy Muhammad: Prophet of Peace amid the Clash of Empires.

The Rubaiyat of Omar Khayyam


Click here to Buy The Rubaiyat.
Sign up for our newsletter

Informed Comment © 2025 All Rights Reserved