Nigeria Joins Dirty Money Blacklist - EU

Date: 14-02-2019 7:34 am (5 years ago) | Author: Olusanya Akinrinola
- at 14-02-2019 07:34 AM (5 years ago)
(m)

The European Union (EU) has added Nigeria to countries on its “dirty money blacklist”, despite the anti-corruption crusade of the present administration.
The EU said the nations in this category pose a threat because of tax controls on terrorism financing and money laundering.
Also added to the list which was initially 16, are Saudi Arabia, Panama, Libya, Botswana, Ghana, Samoa, the Bahamas and four US territories of American Samoa, U.S. Virgin Islands, Puerto Rico and Guam.
The other listed countries are Afghanistan, North Korea, Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.
Criteria used to blacklist the countries include low sanctions against money laundering and terrorism financing, TheCable writes.
Other criteria were insufficient cooperation with the EU on the matter and lack of transparency over the beneficial owners of companies and trusts
The list now includes 23 jurisdictions, with Bosnia Herzegovina, Guyana, Laos, Uganda and Vanuatu removed.
The 28 EU states have one month, which can be extended to two, to endorse the list.
Vera Jourova, EU justice commissioner who proposed the list, was quoted as saying she was confident states would not block it.
According to her, it was urgent to act on the list because of the “risks spread like wildfire in the banking sector.”
She added the commission would continue monitoring other jurisdictions not yet listed.
Inclusion on the list not only comes with reputational damage, it also complicates financial relations with the EU as the bloc’s banks would also have to carry out additional checks on payments involving entities from listed jurisdictions.


Posted: at 14-02-2019 07:34 AM (5 years ago) | Hero
- sarki007 at 14-02-2019 10:56 AM (5 years ago)
(f)
Wise up, this has nothing to do with terrorism! They've been asking Nigerian for access into our banking data for a while now and i'll tell you why - this is to give them access to the accounts of fellow Nigerians hustling here in Europe and sending their hard earned savings home for their eventual return. Otherwise, why not include places  like jersey island etc, china cannot be included cos they'll kick their arse and while the keep selling their arms to the Saudi's blacklisting it is just for show. Take a good look at the countries. Ghana, Nigeria, Ethiopia etc stable African Countries with large expatriate community whose governments will not sell out their citizens. Notice no French African nations because their finances are 100% still under the control of france.
Posted: at 14-02-2019 10:56 AM (5 years ago) | Upcoming
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- tegonwa at 14-02-2019 12:36 PM (5 years ago)
(m)
My dear idiot, are you alright at all?you just wrote a meaningless epistle.Or are you trying feverishly to throw a veil of success on buhari's failed 'kwarapshon' fight?Too hopeless,madly hopeless.
Quote from: sarki007 on 14-02-2019 10:56 AM
Wise up, this has nothing to do with terrorism! They've been asking Nigerian for access into our banking data for a while now and i'll tell you why - this is to give them access to the accounts of fellow Nigerians hustling here in Europe and sending their hard earned savings home for their eventual return. Otherwise, why not include places  like jersey island etc, china cannot be included cos they'll kick their arse and while the keep selling their arms to the Saudi's blacklisting it is just for show. Take a good look at the countries. Ghana, Nigeria, Ethiopia etc stable African Countries with large expatriate community whose governments will not sell out their citizens. Notice no French African nations because their finances are 100% still under the control of france.
Posted: at 14-02-2019 12:36 PM (5 years ago) | Gistmaniac
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