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BRUSSELS, BELGIUM The Organisation of African, Caribbean and Pacific (OACPS) responded to the resolution of the 111th OACPS Council of Ministers to organize a virtual seminar on Tax Matters and Anti Money Laundering (AML) and Countering the Financing of Terrorism (CFT) to discuss the state of play of member states and brainstorm on a concerted OACPS action on the issue.
The Council of Ministers underscored the adverse and disastrous economic and financial effects and reputational damage on the OACPS countries and instructed the Committee of Ambassadors to determine whether the European Union’s (EU) unilateral actions to target non-EU member states are discriminatory and breaches international law, conventions or agreements.