EU Plans to Add Saudi Arabia and Panama to Dirty Money Blacklist: FT Report by Reuters

The European Commission is set to include Saudi Arabia and Panama on a list of high-risk countries that are not effectively combating money laundering, according to a report from the Financial Times. This decision reportedly faces opposition from Germany, France, and the UK. The blacklist will feature the Gulf nation along with more than 20 other regions due to their alleged shortcomings in addressing illicit financial flows, as indicated by European Union officials.