EU states block plan to add Saudi Arabia to money laundering blacklist

Pedro Gonçalves
clock • 2 min read

The 28 member states of the European Union unanimously supported a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to a blacklist of countries suspected of being lax on terrorist financing and money laundering. The ill-fated plan infuriated Saudi Arabia as well as the United States and exasperated European capitals. In a rebuke for the EU Commission, the member states said that the proposal "was not established in a transparent and resilient process." The decision comes after pressure from Riyadh and other listed jurisdictions not to be blacklisted....

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