The EUObserver reports in Kenya leads African group counting costs of EU money laundering ‘blacklist’ that Kenya, Algeria, Angola, Ivory Coast, and Namibia were added tot the European blacklist of countries with inadequate AML/CFT regulation and enforcement (and Uganda and Senegal were removed from the list). This may have detrimental effects for the economies of these countries.

The African countries according to the article accuse the EU of regulatory imperialism regarding AML/CFT, while “turning a blind eye to its multinationals exploiting tax treaty loopholes to reduce their tax obligations by billions of euros in African states each year“. African countries have supported a UN convention that should replace conventions drafted by the OECD that is dominated by rich western countries.

Addition of 18 June 2025
The European Commission’s latest blacklists are announced here. Below the ‘grey’ list, that mainly consists of countries on the African continent (blue) and north Africa and the middle east (yellow):