US EditionKenya leads African group counting costs of EU money laundering 'blacklist'
3 Articles
3 Articles
The European Commission has placed six African countries on its list of "high-risk" countries in the field of money laundering and terrorist financing on Tuesday, 10 June, including Côte d'Ivoire, where the efforts made in recent years to strengthen the legal framework have not been sufficient to prevent the country from becoming part of it. Senegal, on the other hand, welcomes the fact that this has been withdrawn.
Kenya leads African group counting costs of EU money laundering 'blacklist'
Five new African countries are counting the costs of being added to the EU’s ‘blacklist’ of countries with major deficiencies in combatting money laundering and terrorism financing — a list that has long been a sore point in EU-Africa relations.
How IFFs cripple Africa’s development – Daily News
LLICIT Financial Flows (IFFs) remain one of the most pressing and destructive challenges facing Africa and the global economy today. These illegal movements of money across borders often through tax evasion, corruption, money laundering, trade misinvoicing and criminal networks are bleeding developing nations of billions of dollars annually. While the damage is global, Africa bears a disproportionate burden. According to the United Nations Econo…
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