in Short

European Union : Six African Countries Removed from High-Risk AML List

The European Union has removed Nigeria, South Africa, Burkina Faso, Mali, Mozambique and Tanzania from its high-risk list for money laundering and terrorist financing. The decision by the European Commission is based on assessments by the Financial Action Task Force and the EU’s own analysis, acknowledging significant reforms. The move strengthens international credibility and investor confidence.

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