EU calls laundering blacklist, tax havens

EU lawmakers rejected on Thursday a blacklist of ten countries at risk of facilitating money laundering or terrorist financing on the grounds that the list is too short and needs to be expanded to include tax havens. In a bid to cut terrorist funding after January 2015 attacks on French magazine Charlie Hebdo, the EU adopted stricter rules against money laundering and began naming countries with legal loopholes that could be exploited by militant organisations to get funding. In a document passed by 393 votes to 67, with 210 abstentions, the parliament rejected the list. North Korea, Iran, Afghanistan, Bosnia and Herzegovina, Iraq, Laos, Syria, Uganda, Vanuatu and Yemen are in the latest blacklist drafted by the EU executive commission. Businesses with activities in these countries are subject to higher checks in Europe. Media agencies

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