On February 13, the European Union published a list of countries whose banking systems have loopholes that could facilitate money laundering, illicit financial flows, terrorism financing and more importantly human trafficking.
Money laundering: EU blacklists six African countries
Among the 23 countries blacklisted by the EU are six African states namely Botswana, Ethiopia, Ghana, Libya, Nigeria, and Tunisia.
Consequently, the European Union has taken a series of measures to protect its banking system, she said, so that it would not be a conduit for serious international crime.