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Trinidad: now on EU’s Financial blacklist

FINANCE Minister Colm Imbert says TT does not agree with a blacklisting of this country by the European Commission.

He was responding to an urgent question in Senate Tuesday on how the recent blacklisting of TT by the European Commission will impact day-to-day banking transactions with European banks. On Wednesday the European Union identified TT, US and 21 other states that pose money laundering and terror financing risks.

Imbert said the US Treasury has scolded the European Union for including US territories on a list of tax havens or areas where there is money laundering and has told US banks to ignore the EU directives in a “very unusual technocratic spat.”

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