The EU commissioner for justice and gender equality, Vera Jourova said the countries were 23 in all.
“The European Commission adopted today a list of 23 third countries with weak rules against money laundering and terrorism financing. I would like first to explain the context and our main objectives. The EU must not be a destination for illicit money. The EU financial system must not serve as a vehicle for money laundering and must not serve as an instrument for financing crime including terrorism.”
Some of the countries in this group include Saudi Arabia, Panama, and Nigeria.
The Commission also added Libya, Botswana, Samoa, the Bahamas, and the four United States territories of American Samoa, U.S. Virgin Islands, Puerto Rico, and Guam.
This has led to some EU states criticising the union. Most of the states criticising this move are worried about their economic relations with the listed states, especially Saudi Arabia.
The commission has decided to add the kingdom despite pressure to exclude Riyadh.
The 28 EU states have one month, which can be extended to two, to endorse the list. They could reject it by qualified majority.