UAE Removed from EU’s High-Risk Money Laundering List

The United Arab Emirates has been officially removed from the European Commission’s updated list of high-risk countries for money laundering and terrorist financing.

The change, recently endorsed by the European Parliament, reflects the UAE’s efforts to align its financial systems with international compliance standards.

Minister of State Ahmed bin Ali Al Sayegh welcomed the decision, describing it as “independent recognition” of the country’s long-standing work to strengthen its regulatory framework and combat financial crime effectively.

Decision Reflects Years of Targeted Reform

The move follows a series of reforms implemented by UAE authorities in recent years to address concerns raised by international watchdogs.

These included enhanced oversight of financial institutions, stricter enforcement measures, and closer cooperation with global bodies tasked with tracking illicit financial flows.

The decision is seen as a step forward in reinforcing the UAE’s standing as a jurisdiction aligned with evolving global financial governance standards.