Money Laundering
All but one of the EU's member states (Belgium, reportedly) moved to block a money-laundering blacklist that was being drawn up by the European Commission. The list of territories that don't fight money laundering enough was to include Saudi Arabia and U.S. territories such as the U.S. Virgin Islands and Puerto Rico—funds there would have been subject to "enhanced" checks by European banks. The Americans and Saudis were furious at the proposal, so they're off the list. Financial Times
All but one of the EU's member states (Belgium, reportedly) moved to block a money-laundering blacklist that was being drawn up by the European Commission. The list of territories that don't fight money laundering enough was to include Saudi Arabia and U.S. territories such as the U.S. Virgin Islands and Puerto Rico—funds there would have been subject to "enhanced" checks by European banks. The Americans and Saudis were furious at the proposal, so they're off the list. Financial Times