EU removes UAE from money laundering high-risk list
Diplomatic efforts lead to key breakthrough
Balama credited the diplomatic work of Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Higher Committee overseeing the National Anti-Money Laundering Strategy, for helping secure the EU's decision.
'This marks a significant step in establishing an advanced financial ecosystem based on effective governance and a forward-looking national strategy,' he said.
Commitment to financial integrity
He emphasised that the move reflects the UAE's commitment to strengthening its financial systems, enhancing transparency, and aligning with international standards to boost global competitiveness.
'We appreciate the continued cooperation of regulatory authorities, licensed financial institutions, and the private sector in making this progress possible,' Balama added.
The UAE has undertaken comprehensive reforms in recent years to fortify its anti-money laundering and counter-terrorism financing frameworks—efforts that have now been recognised by the European Union with the country's removal from its high-risk list.
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