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

The UAE has welcomed the removal of the country’s name from the EU list of high-risk third countries for AML/CFT.

“The decision stands as clear, independent recognition of our nation's unwavering commitment to the highest international standards in combating global financial crime,” Ahmed bin Ali Al Sayegh, Minister of State, said in a statement.

“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,” the statement added.

The minister of state added that the UAE will continue working with all its 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 added.