Senegal will be removed from the global watchdog’s dirty money ‘grey list’

Senegal has been removed from the global dirty money list, a move likely to boost investor confidence after a wave of negative news led to a sell-off in its Eurobonds this month.

The Paris-based Financial Action Task Force on Friday removed the West African country from the so-called gray list for increased scrutiny after strengthening its mechanisms to tackle money laundering and terrorist financing, Senegalese ministry said. Finances. Bloomberg earlier This month it was reported that the FATF was about to remove the country from its list.