Latest news with #NationalStrategyonAnti-MoneyLaunderingandCounteringtheFinancingofTerrorism


Mid East Info
3 hours ago
- Business
- Mid East Info
Mohamed bin Hadi Al Hussaini: Removing the UAE from EU list of high-risk third countries reflects the global trust in the UAE's financial system
His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, stressed that the decision to remove the UAE from the European Union's list of high-risk third countries for money laundering and terrorist financing is a strategic milestone that clearly reflects the international recognition of the UAE's comprehensive efforts being made to strengthen the integrity of its financial system and uphold the highest global standards in this area. This decision, Al Hussaini added, showcases the UAE's position as a trusted global financial hub, one defined by transparency, openness, and alignment with international developments. His added: 'The UAE is committed to strengthening its position as a responsible and proactive international partner in safeguarding the integrity of the global financial system. This decision is the result of tireless efforts and continuous coordination among the relevant national entities, under the leadership of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates, and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, along with the close partnership with the European Union. It reflects the success of the UAE's approach to international cooperation and institutional integration.' His Excellency continued: 'This milestone will further enhance investor and institutional confidence in the UAE's financial landscape, support the continued flow of investment, and further solidify the country's reputation as a leading global destination for finance and investment. At the Ministry of Finance, in collaboration with our partners across federal and local entities, we will spare no effort to improve the UAE's competitiveness in global finance by strictly adhering to internationally recognised best practices in line with the vision of our wise leadership, seeking to contribute to the nation's sustainable economic development goals.'


Al Etihad
3 days ago
- Business
- Al Etihad
UAE Central Bank: EU decision to remove UAE from list of high-risk third countries in money laundering, terrorist financing reflects wise leadership's vision
10 July 2025 01:08 ABU DHABI (WAM)Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE) and Chairman of the National Committee for Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations, stated that the European Union's decision to remove the UAE's name from the list of high-risk third countries, in the area of money laundering and terrorist financing, reflects the vision of wise leadership."These aim at establishing an advanced financial ecosystem, based on a forward-looking national vision and effective governance, that ensures the safety and integrity of the financial sector,'' said Balama in a statement following the EU's commended the diplomatic efforts led by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, which resulted in this important decision, he emphasised, reflects the UAE's firm commitment to addressing challenges and risks in the financial system as a priority to enhance the UAE's competitiveness and development journey. "We appreciate the commitment of regulatory entities and authorities, licensed financial institutions, and the private sector for their cooperation to achieve this progress and success for the UAE," he added.