UAE’s Removal from EU High-Risk List Boosts Global Financial Trust
The UAE’s removal from the European Union’s list of high-risk third countries for money laundering and terrorist financing marks a strategic achievement, reinforcing global confidence in the nation’s financial system, said Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs.
Al Hussaini emphasized that the decision reflects international recognition of the UAE’s efforts to enhance financial integrity and comply with global standards. “This milestone underscores the UAE’s role as a transparent and trusted financial hub, aligned with international developments,” he stated.
The minister credited the achievement to the collaborative efforts of national entities under the leadership of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism. He also highlighted the UAE’s strong partnership with the EU, demonstrating the success of its cooperative approach to financial governance.
Al Hussaini noted that the move will bolster investor confidence, attract more foreign investment, and solidify the UAE’s position as a leading global financial destination. He reaffirmed the Ministry of Finance’s commitment to advancing the UAE’s competitiveness by adhering to international best practices, in line with the leadership’s vision for sustainable economic growth.
