SUMMARY
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France has drawn up a blacklist of 17 countries that do not help investigate foreign aid fraud, banning the use of their banks to help distribute development funds. The blacklist expands on an already-established register of 8 “non-cooperative states and territories” that already includes the Philippines. It adds Switzerland, Lebanon, Panama, Costa Rica, the United Arab Emirates, Dominica, Liberia, Trinidad and Tobago, and Vanuatu. This list focuses only on transactions involving French government or its banks, and is separate from other blacklists released by Financial Action Task Force (FATF) and Organisation for Economic Cooperation and Development.
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