UAE welcomes removal from EU list of high-risk third countries for AML/CFT

Statement attributed to Ahmed in Ali Al Sayegh, Minister of State: "The UAE welcomes the European Parliament’s endorsement of the European Commission’s updated list of high-risk third countries for money laundering and terrorist financing. The decision stands as clear, independent recognition of our nation’s unwavering commitment to the highest international standards in combating global financial crime."

"The UAE remains a reliable and strategic partner to the EU, committed to ensuring AML/CFT systems are not only robust, but also future-proof and capable of addressing emerging global threats," said  Al Sayegh.

"As one of the world’s fastest growing economies and as a trusted global financial hub, the UAE will continue working with all our global partners to safeguard the integrity of the global financial system. We look forward to unlocking the full potential of the UAE-EU partnership, fostering closer cooperation, enhanced prosperity and shared security for our regions and peoples," he said.

Saqr Ghobash, Speaker of the Federal National Council (FNC), praised the European Parliament’s decision to remove the UAE from the list of high-risk third countries for money laundering and terrorist financing.

He emphasised that the decision is a testament to the UAE’s advanced standing in establishing a robust and integrated regulatory and legislative framework that adheres to the highest international standards.

FNC Speaker commended the exceptional diplomatic efforts led by Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, noting that these efforts were instrumental in achieving this significant milestone.

He highlighted how this success reflects the wise leadership’s approach in promoting transparency, openness, and international cooperation.

Ghobash also underscored the strategic partnership between the FNC and the European Parliament, stressing the importance of building on this progress to expand parliamentary cooperation and enhance coordination on regional and global issues of mutual interest.

FNC Speaker noted that the decision paves the way for new opportunities in economic and trade collaboration and directly contributes to accelerating the ongoing negotiations for a free trade agreement between the UAE and the EU. This, he said, serves mutual interests and supports sustainable growth and economic prosperity for both parties.

WAM