In Depth: New-Look EU Money Laundering Blacklist Sparks Transatlantic Clash

A fresh diplomatic row erupted between Washington and Brussels on Wednesday after the European Commission included four US territories in its beefed-up blacklist of third countries with poor anti-money laundering and terrorist financing controls.

It is the first time the commission has added new countries to the list since its new methodology was introduced, itself a response to European Parliament backlash over what it saw as an overly lenient approach.

“We have established the strongest anti-money laundering standards in the world, but we have to make sure that dirty money from other countries does not find its way to our financial system,” said Věra Jourová, commissioner for justice, consumers and gender equality.

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