Money laundering: EU blacklists six African countries


On February 20, the European Union printed a listing of nations whose banking methods have loopholes that might facilitate cash laundering, illicit monetary flows, terrorism financing and extra importantly human trafficking.

Among the many 23 international locations blacklisted by the EU are six African states particularly Botswana, Ethiopia, Ghana, Libya, Nigeria, and Tunisia.

Consequently, the European Union has taken a sequence of measures to guard its banking system, she stated, in order that it could not be a conduit for critical worldwide crime.