Business News of Friday, 8 May 2020Source: africafeeds.comEU blacklists Ghana over money-launderingEuropean UnionThe European Union has blacklisted four African countries over money-laundering concerns as it says their financial transactions require further scrutiny. The other countries blacklisted are Bahamas, Barbados, Jamaica, Nicaragua, Panama, Cambodia, Mongolia and Myanmar. Blacklisted countries were assessed based on systemic impact on the integrity of the EU financial system. What affected countries have to doThese blacklisted countries would have to show more commitment towards tackling the problem to get off the list. The blacklisting according to the European Commission was to protect the EU financial system and prevent money laundering and terrorist financing risks.

Source: GhanaWeb May 08, 2020 08:15 UTC