{"id":597103,"date":"2019-03-07T19:26:03","date_gmt":"2019-03-07T19:26:03","guid":{"rendered":"
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European Union member states have unanimously rejected a proposal by the EU executive Commission to blacklist 23 countries and territories it believes pose a high risk of money laundering or terrorist financing.<\/span><\/p>\n

In a rebuke for the EU Commission, the member states said in a statement Thursday that the proposal “was not established in a transparent and resilient process.”<\/span><\/p>\n

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The list included such nations like Saudi Arabia, North Korea and Nigeria, and four U.S. overseas territories, which drew the ire of the U.S. government.<\/span><\/p>\n

The list is used to increase checks and investigations on financial transactions from those countries and territories to find suspicious money flows.<\/span><\/p>\n

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The EU Commission will now have to set up a new list and take the concerns of the member states into consideration.<\/span><\/p>\n<\/div>\n