Ghana Added To European Union’s Dirty Money Blacklist

The EU said there was a need to put an end to dirty money infiltrating its financial system (image: Flickr)

Ghana is among 12 countries that have been added to the European Union’s money-blacklist.

This puts Ghana in a situation where its financial transactions will be strictly scrutinized.

The other 11 countries that were added to the blacklist include Bahamas, Barbados, Botswana, Cambodia, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe.

Once approved by the European Parliament the list will come into force in October.

The Commission’s Vice-President Valdis Dombrovskis said the EU needed to put an end to dirty money infiltrating its financial system.

Of the 22 blacklisted countries, only North Korea has refused to commit to trying to tackle the problem.

See Also: Ghana Moves Six Places Up In Latest Anti-Money Laundering And Terrorist Financing Rankings

source: BBC

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