The adoption of a European Union money-laundering blacklist, which includes Saud...
BRUSSELS - The adoption of a European Union money-laundering blacklist, which includes Saudi Arabia as well as Puerto Rico and three other U.S. territories, is likely to be blocked by EU states under a procedure launched on Thursday, two EU sources said.
For the list to be blocked, a majority of 21 states is estimated to be necessary. One EU official said that more than 20 countries, including Britain, France and all the largest members, have already declared their opposition to the listing. The U.S. Treasury Department said when the list was approved by the European Commission that the listing process was “flawed” and it rejected the inclusion of the four U.S. territories of American Samoa, U.S. Virgin Islands, Puerto Rico and Guam.The diplomat said the Saudi lobbying had intensified at a summit earlier this week of EU and Arab League leaders in the Egyptian resort of Sharm el-Sheikh.
Riyadh has threatened to cut contracts with EU states if the list is approved, one EU official said. “They are really rolling out big guns,” another diplomat said.
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