4 Nations No Longer on Money-Laundering List
Israel and three other nations were removed from an international blacklist of countries failing to crack down on money laundering, while Nigeria and Ukraine were faulted for being uncooperative.
The Financial Action Task Force, a watchdog group sponsored by leading industrialized nations, said Hungary, Lebanon and St. Kitts and Nevis had joined Israel in meeting the criteria necessary to warrant removal from the money-laundering list.
In its annual report, presented in Paris, the group said it was satisfied with new laws passed by the countries removed from the list and with the way the laws are being enforced.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
