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EU home affairs ministers to formalise the veto on Thursday (Photo: consilium.europa.eu)

Saudi Arabia evades EU dirty-money list for now

EU states have rejected a European Commission proposal to blacklist Saudi Arabia and four US territories on money laundering and terrorist financing grounds.

All 28 member countries' ambassadors blocked the move at a meeting in Brussels on Wednesday (6 March) in an unusual step, an EU source said.

The veto is to be formalised by EU justice and home affairs ministers on Thursday, forcing the commission to submit a new proposal later down the line.

The commission had called ...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

EU home affairs ministers to formalise the veto on Thursday (Photo: consilium.europa.eu)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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