Abu dhabi: Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, emphasized that the European Union's decision to remove the UAE from its list of high-risk third countries for money laundering and terrorist financing marks a key strategic milestone. This move underscores international recognition of the UAE's comprehensive efforts to enhance the integrity of its financial system and uphold the highest global standards.
According to Emirates News Agency, Al Hussaini highlighted that this decision affirms the UAE's status as a trusted global financial hub characterized by transparency, openness, and alignment with international developments. He reiterated the UAE's commitment to being a responsible and proactive international partner in protecting the global financial system's integrity.
He further stated that this achievement is the outcome of relentless efforts and continuous coordination among national entities, led by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism. The decision also reflects the success of the UAE's collaborative approach with the European Union, enhancing investor confidence and solidifying the country's reputation as a leading global financial destination.
Al Hussaini noted that the Ministry of Finance, in partnership with federal and local entities, is committed to improving the UAE's competitiveness in global finance. This will be achieved by strictly adhering to internationally recognized best practices, aligning with the vision of the nation's leadership, and contributing to sustainable economic development goals.