russian money is drying up and once the spotlight is shed on Saudi and UAE lobbying and weaponisation of their wealth for political prepossess, it would be hard to except their money.
the biggest and the unspoken conspiracy is, republican parties connection to the saudis and kuwaitis
the republican WASP make annual pilgrimage to riyad through a network of business man, politicians, former military officials and diplomates based in texas.
can american jews protect saudis inorder to protect the new overt israel arab allaince, in my opinion it will only enrage the western inteligence services and military elite
The European Union maintains a list of countries that it considers a threat to the EU financial system. The EU either deems the laws and regulations of these countries as too lenient with regards to money laundering, suspects them of potentially financing terrorism or accuses them of providing too little transparency to EU regulators. This list includes countries like Afghanistan, Iran, Libya, Iran, Syria, Yemen and North Korea. None of these countries are a surprise given their political instability or, in the case of North Korea, global antagonism. Now the EU is doubling this list of countries from 16 to 32, and including Saudi Arabia on the list.
Mohammed bin Salman, Saudi Arabia's crown prince, arrives to meet Theresa May, U.K. prime minister, at number 10 Downing Street in London, U.K., on Wednesday, March 7, 2018. (Luke MacGregor/Bloomberg )2018 BLOOMBERG FINANCE LP
"Dirty Money" status does not bar financial relations with business entities in the EU, but it does mean that banks in the EU will have to undertake extra checks when processing payments to financial institutions in these countries or territories.
Saudi Arabia is not the only country joining the blacklist. Panama, Nigeria, the Bahamas and the U.S. territories of American Samoa, the U.S. Virgin Islands and Puerto Rico are all being slapped with this label. Britain expressed opposition to adding Saudi Arabia to the list, no doubt because the British financial sector does a great deal of business with Saudi Arabia. The London Stock Exchange is still hoping to list the Saudi national oil company, Saudi Aramco, whenever its IPO happens.
This could also complicate matters for mutual funds in the EU. The Saudi stock exchange, Tadawul, was recently included in the MSCI and FTSE emerging market indexes. Blacklisting Saudi Arabia could complicate the anticipated flow of money.
For Saudi Arabia, this label comes at an especially difficult time. The kingdom is still trying to attract foreign businesses to Saudi Arabia as part of its economic
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However, there is a 1-2 month period of debate for EU countries to endorse the new list. If a majority of countries do not endorse the inclusion of Saudi Arabia--or any other country or territory--on this list, then it can be removed.
Ellen R. Wald, Ph.D. is a historian and consultant on energy and geopolitics. She is the author of Saudi, Inc., president of Transversal Consulting & a Senior Fellow at the Atlantic Council.
