The European Union has removed gambling destinations Gibraltar and the United Arab Emirates from its anti-money laundering (AML) and countering the financing of terrorism (CFT) watchlists.
According to reports, the EU published the bill after almost a week of delay and uncertainty about how Brussels’ latest censure of AML and CFT activities would turn out.
Also entering the EU’s good books are Barbados, Jamaica, Panama, the Philippines, Senegal, and Uganda. Those moving onto the watchlist, however, include Syria, Myanmar and Burkina Faso, and Venezuela.
illegal funds linked to fraud by Russian oligarchs”
The highest profile country to fail EU’s recent muster is Monaco. Russia, meanwhile, escaped censure. Politico cited the Global Magnitsky Justice Campaign stating that “millions of euros in illegal funds linked to fraud by Russian oligarchs” are sitting in Monaco.
The EU release stated amendments will enter its Official Journal should the European Parliament, or the Council of the EU, not object to the new list.
