MEPs block removal of UAE, Gibraltar, Panama from EU AML/CFT blacklist

The European Parliament has pushed the European Commission into a politically awkward position by refusing to follow the Financial Action Task Force (FATF) lead in removing the United Arab Emirates (UAE), Gibraltar and Panama from the European Union (EU) ML blacklist.

By Keith Nuthall

The European Parliament (EP) has pushed the European Commission into a politically awkward position by refusing to follow the Financial Action Task Force (FATF) lead in removing the United Arab Emirates (UAE), Gibraltar and Panama from the European Union (EU) ML blacklist.