All the 8 African countries on the EU's latest high-risk money laundering list

The European Union has retained eight African countries on its updated high-risk list, citing gaps in their anti–money laundering and counter-terrorist financing systems.

The EU's high-risk country list is designed to safeguard the integrity of the European financial system by identifying jurisdictions with strategic deficiencies in combating money laundering, terrorist financing and the financing of weapons proliferation.

The European Union (EU) has retained eight African nations on its latest list of high-risk third countries, citing ongoing shortcomings in their systems for preventing money laundering and the financing of terrorism.