The National Committee for Money Laundering is constructed by the approval of the European Parliament efficiently the Emirates National System

The National Committee to counter money laundering and combating terrorist financing and financing of illegal organizations confirmed that removing the UAE name from the European Union list related to the third countries under control in the field of fighting money laundering and terrorist financing is an additional step within a series of international confessions that confirm the efficiency of the national approach in this regard.

The National Committee welcomed the decision issued yesterday by the European Parliament, and indicated that this achievement confirms the effectiveness of the renewed institutional framework adopted by the state during the past years.

She added that the UAE has proven its high -level political commitment, through the adoption and implementation of all international standards issued by the Financial Working Group (FAF), as it works continuously to update the national legislative and regulatory system, according to the latest developments.

The committee explained that the UAE is working to enhance the effectiveness of the performance of all concerned parties, enhance institutional capabilities, and intensify coordination with international partners, in a manner that ensures practical and sustainable compliance with the protection of the national and international financial system from emerging and cross -border threats.

She pointed out that the efforts of the state included building an effective national coordination and cooperation framework, which led to the enhancement of formal and unofficial international cooperation, as the number of applications issued and received with many countries increased, and resulted in the confiscation of illegal assets, the delivery of wanted persons in international issues, and contributed to enhancing capacity building in several areas to counter money laundering, combating terrorist financing and the spread of arms.

She praised the intense diplomatic efforts led by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, which resulted in the achievement of this important achievement, embodying the rational leadership’s approach to building a safe, flexible, sustainable and effective financial system.

The General Secretariat of the National Committee indicated that this European decision comes as a culmination of integrated national efforts, led by state institutions with high efficiency and responsibility, and reflects the confidence of the international community in the efforts of the UAE to implement its international obligations, not only through technical compliance, but also through the consolidation and sustainability of an institutional culture based on transparency, accountability and the rule of law.

She appreciated the role of all private sector institutions, as active partners in the success of this path, through their commitment to institutional transformation, and raising compliance standards, which contributed to strengthening the business environment and consolidating the confidence of international partners.

She emphasized that the UAE is committed to continuing this constructive approach, as it is a strategic option that reflects its priorities in integration with the global economy, and strengthening partnerships based on firm foundations of mutual respect and joint commitment.