Gambia: The EU Places Algeria on Its Blacklist and Withdraws Senegal. –

The European Union announced this week added Algeria to its list of high-risk nations requiring increased monitoring for anti-money laundering and and counter-terrorism financing (AML/CFT. In this list, the European Commission also added other African countries (Angola, Côte d’Ivoire, Kenya) to this black list.

In an official statement, the Commission estimated that the newly listed countries exhibit strategic deficiencies in their anti-money laundering and…