The Financial Action Task Force (FATF), a financial crime watchdog, said on Friday it removed Senegal from its list of countries under increased scrutiny and added Algeria, Angola, Ivory Coast and Lebanon.
Senegal has made significant progress in implementing policies against money laundering and “terrorism financing,” the watchdog said in a statement.
Sources told Reuters that Ukraine’s bid to have Russia added to another so-called “black list” of countries with high-risk money laundering jurisdictions has failed again, facing resistance from countries including China, India, Saudi Arabia and South Africa.
