European Union adds Saudi Arabia to terror financing blacklist

The European Union (EU) on Wednesday added three countries, including Saudi Arabia, to a blacklist of nations that pose a threat to the bloc because of lax controls against terrorism financing and money laundering.

The European Commission added Saudi Arabia, Panama and Nigeria on the black list, which now includes 23 countries and jurisdictions.

According to Reuters agency, the move has triggered criticism from several EU states worried about their economic relations with the listed states, notably Saudi Arabia.