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Saudi Arabia added to draft list of countries posing threat to EU: ReportMEE and agenciesSaudi Arabia falls short in combatting money laundering and terrorism financing, global finance task force says (Reuters)Friday 25 January 2019 The European Commission has added Saudi Arabia to an EU draft list of countries that pose a threat to the bloc because of lax controls against terrorism financing and money laundering, two sources told Reuters on Friday.The EU's list currently consists of 16 countries, including Iran, Iraq, Syria, Afghanistan, Yemen and North Korea, and is mostly based on criteria used by the Financial Action Task Force (FATF), a global body formed by developed nations.The draft list has been updated to address new criteria developed by the EU Commission since 2017. Saudi Arabia is one of the countries added to the updated list that is still confidential, one EU source and one Saudi source told Reuters.Read more at: https://www.middleeasteye.net/news/saudi-arabia-added-draft-list-poses-threat-eu-report-1409714647
