The European Parliament’s decision to remove the United Arab Emirates from the European Union’s list of high-risk third countries under enhanced monitoring for counterterrorism financing and anti-money laundering was warmly received by the General Secretariat of the UAE’s National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC).
This ruling is the latest in a string of international accolades that have confirmed the efficacy of the UAE’s domestic strategy and the resilience of the updated institutional framework the nation has embraced in recent years.
The UAE has shown a strong political commitment by embracing and putting into practice all international norms published by the Financial Action Task Force (FATF), the NAMLCFTC General Secretariat highlighted.
The nation continues to improve the performance of relevant authorities, strengthen its institutional capacity, enhance international coordination, and refine its national legislative and regulatory frameworks in line with global trends. These initiatives ensure realistic and sustainable compliance, protecting the domestic and international financial systems from new and cross-border risks.
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