Saudi Arabia regrets EU inclusion in dirty-money blacklist: statement

CAIRO (Reuters) - Saudi Arabia said it regrets the European Commission's decision to include the country in a blacklist of nations seen as posing a threat to the bloc because of lax controls against terrorism financing and money laundering, a statement published by Saudi Press Agency said early on Thursday. 'Saudi Arabia's commitment to combating money laundering and the financing of terrorism is a strategic priority and we will continue to develop and improve our regulatory and legislative frameworks to achieve this goal', the statement quoted Saudi Finance Minister Mohammed al-Jadaan as saying

Reuters February 14, 2019 07:06:37 IST
Saudi Arabia regrets EU inclusion in dirty-money blacklist: statement

Saudi Arabia regrets EU inclusion in dirtymoney blacklist statement

CAIRO (Reuters) - Saudi Arabia said it regrets the European Commission's decision to include the country in a blacklist of nations seen as posing a threat to the bloc because of lax controls against terrorism financing and money laundering, a statement published by Saudi Press Agency said early on Thursday.

"Saudi Arabia's commitment to combating money laundering and the financing of terrorism is a strategic priority and we will continue to develop and improve our regulatory and legislative frameworks to achieve this goal", the statement quoted Saudi Finance Minister Mohammed al-Jadaan as saying.

(Reporting by Mohamed El-Sherif;; Editing by Sandra Maler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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