3 days ago
EU Seeks to Remove UAE From Its Money Laundering Risk List
The European Union plans to remove the United Arab Emirates from its list of countries that pose a high-risk for money-laundering, something the Gulf country has been pushing to happen.
The European Commission, the bloc's executive arm, took the UAE off its list of 'high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT) regimes,' according to a statement.
