Thursday 30 May 2013

France blacklists UAE, Lebanon over foreign aid fraud | Finance and Economy | AMEinfo.com

"France has added Lebanon and the UAE to a blacklist of 17 countries that do not help investigate foreign aid fraud, banning the use of their banks to help distribute development funds, AFP has reported. The blacklist expands on an already-established register of eight "non-cooperative states and territories" that already includes Botswana, Brunei, Nauru, Guatemala and the Philippines. French development ministry said the move was prompted by a lack of transparency in the countries on the list, adding that poor and developing countries were often the main victims of fraud. "The aim is primarily preventative, to put pressure on these countries by publicising this list to progress towards more transparency," they said."

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