On Wednesday, the European Union executive, EU said the European Commission has added Nigeria, Saudi Arabia, Panama and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering.

It doesn’t get worse for a country already battling poor global reputation.

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

Despite pressure to exclude Riyadh from the list, the commission decided to list the kingdom, confirming a Reuters report in January.

The list now includes 23 jurisdictions; it previously comprised 16.

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The Commission also added Libya, Botswana, Ghana, Samoa, the Bahamas and the four U.S. territories of American Samoa, U.S. Virgin Islands, Puerto Rico and Guam.

The other listed states are Afghanistan, North Korea, Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.

Bosnia Herzegovina, Guyana, Laos, Uganda and Vanuatu were also removed.

Apart from reputation damage, inclusion on the list complicated financial relations with the EU.

The bloc’s banks would have to carry out additional checks on payments involving entities from listed jurisdictions.

The 28 EU states now have one month, which can be extended to two, to endorse the list.

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