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

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

Mohammed Al-Jadaan, Saudi Minister of Finance, gestures during a news conference announcing the fir
Mohammed Al-Jadaan, Saudi Minister of Finance, gestures during a news conference announcing the first Quarter of Saudi budget, in Riyadh, Saudi Arabia, May 11, 2017. (Photo: Reuters)

CAIRO: 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 (Feb 14).

"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.

READ: EU adds Saudi Arabia, Panama, Nigeria to dirty-money blacklist

"Saudi Arabia notes with regret the European Commission proposed revised list of 'high risk' countries," reported Saudi Press Agency.

Riyadh is being considered for the blacklist "despite several measures of reinforcement of its legal framework which has led to increased cooperation with its counterparts," the report added.

Source: Reuters/AFP/ic

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