Tunisia-Tunisia out of EU blacklist

EU removes Tunisia from its blacklist on tackle money laundering and terrorism financing. The EU said that the country had made progress.

As reported by Reuters, the Commission published a new list of countries where it says more needs to be done to curb money-laundering.

The revised list is set to take effect from October. Companies in any of the listed states are banned from receiving new EU funding.

The Commission added the Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe.

Countries already on the list are Afghanistan, Iraq, Vanuatu, Pakistan, Syria, Yemen, Uganda, Trinidad and Tobago, Iran and North Korea.

All except North Korea have committed to changing their rules in order to better tackle money laundering and terrorism financing.

The Commission removed six countries from the list, saying they had made progress: Bosnia, Guyana, Laos, Ethiopia, Sri Lanka and Tunisia.