The European Union, EU, has removed Tunisia from its list of countries that poses threats the financial system over money laundry and terrorism financing because of lack of legislation at home, reports say. The draft document prepared by European Commission is set to take six countries including the North African out the blacklist. The list contains countries which pose significant threats to the financial system of the Union. Banks in the union and other financial and tax firms must check more closely their clients who have operations with countries on the list. Posted by North Africa Post North Africa Post's news desk is composed of journalists and editors, who are constantly working to provide new and accurate stories to NAP readers.

Source: The North Africa Journal May 08, 2020 14:03 UTC