EU Removes Several African Countries from High-Risk Money Laundering List
Several African nations, including Nigeria, South Africa, Burkina Faso, Mali, Mozambique, and Tanzania, have recently been removed from the European Union's list of high-risk jurisdictions for money laundering and financing terrorism. This significant decision follows comprehensive reforms made in their anti-money laundering and counter-terrorism financing frameworks.
The delisting by the EU is expected to have a positive ripple effect, facilitating…