RIYADH: Saudi Arabia has worked to combat money laundering and terrorist financing for decades, the Kingdoms EU envoy Saad bin Mohammed Al-Arifi said Thursday. He added that all European Union states were surprised by the blacklist of countries suspected of being lax on terrorist financing and money laundering. Al-Arifis comments come after the 28 member states of the European Union all backed a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to the list. EU states said in a statement the unanimous decision was taken because the European Commissions proposed list was not established in a transparent process that encouraged countries to take action while also respected their right to be heard. The decision will force the European Commission to prepare a new list. "Im disappointed, but I hope I dont look like somebody who is giving up," the EU commissioner in charge of the listing, Vera Jourova, said on Thursday. The process had been conducted in a transparent manner and followed EU states commitments to act against money laundering and terrorism financing, she said. The Commission had published last month a provisional blacklist with 23 jurisdictions, including the four US territories of American Samoa, US Virgin Islands, Puerto Rico and Guam, in a move that Washington said was "flawed". Among other listed countries were Nigeria, Panama, Libya, the Bahamas, Iran, Pakistan, North Korea and Afghanistan.
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