European parliamentarians agreed Monday to a new system for creating a blacklist of non-EU countries that carry a high risk of money laundering or terrorist financing, breaking an 11-month deadlock with officials over previous proposals.
The European Union's executive branch will draft a new, expanded blacklist of nations vulnerable to financial crime this year after lawmakers demanded more concerted action against high-profile tax havens, a senior official said Tuesday.
The Council of the European Union published conclusions on the list of non-cooperative jurisdictions for tax purposes that names 17 countries that have failed to meet agreed tax good governance standards. Additionally, the conclusions note that 47 countries have committed to addressing deficiencies.
December 5, 2017
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