“Tunisia’s addition last week to the European Commission’s list of countries with weak anti-money laundering and counter-terrorist financing frameworks adds to the challenges faced by the country’s banking sector,” Fitch Ratings reports. “EU banks that want to continue providing correspondent banking and other banking relationships in Tunisia will now have to carry out increased checks on all financial operations involving Tunisian financial institutions and their customers. As a result, some EU banks may choose to de-risk by cutting their ties to Tunisian financial institutions instead,” the ratings agency asserted in…
Tunisia’s Inclusion on EC High-Risk List adds to challenges of banking sector (Fitch)
