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Financial crime watchdog adds Croatia to “grey list” of countries under scrutiny


PARIS (Reuters) – The FATF international financial crime watchdog on Friday said it had added EU member state Croatia to its so-called “grey list” of countries under special scrutiny, adding that Cameroon and Vietnam who were also added to the list.

The move makes Croatia the only EU country on the list, which also includes the United Arab Emirates, Panama and Mali.

The Paris-based Financial Action Task Force (FATF), which this week held one of its regular plenary meetings, is an inter-governmental organisation that underpins the fight against money laundering and terrorism financing by setting global standards and checking if countries respect them.

The body on Friday also reiterated that “all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the Russian Federation in order to protect the international financial system”.

The FATF had suspended Russia’s membership in February.

(Reporting by Tassilo Hummel; Editing by Sudip Kar-Gupta)

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