CARICOM foreign ministers condemn EU over blacklisting of regional states

GEORGETOWN, Guyana (CMC)— Caribbean Community (CARICOM) foreign ministers have “rejected the arbitrary and unilateral imposition of blacklisting by the European Union” on several CARICOM countries.

Last week, the EU said under the Anti-Money Laundering Directive (AMLD), it has revised its list, taking into account developments at international level since 2018 and that the “new list is now better aligned with the lists published by the FATF (Financial Action Task Force)”.

The countries which have been listed are The Bahamas, Barbados, Jamaica, along with Botswana, Cambodia, Ghana, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe.

But Guyana is among six other third world countries that have been de-listed.

In a statement issued Monday following last week’s 23rd meeting of the Council for Foreign and Community Relations (COFCOR), the foreign minister said they “rejected the arbitrary and unilateral imposition of blacklisting by the EU on several member states of the Community.

“They expressed concern over the constant shifting of goal posts, the continued lack of prior consultation or notification and the unwillingness to take into account the efforts at compliance made by CARICOM member states,” the statement noted.

It said that the “measure was viewed as detrimental to the economies of the affected states which are already in recession.

Continue reading at:

http://www.jamaicaobserver.com/latestnews/CARICOM_foreign_ministers_condemn_EU_over_blacklisting_of_regional_states?profile=1&template=MobileArticle

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