Decision to Remove the UAE from High-Risk Countries for Money Laundering: A Culmination of Diplomatic Efforts Led by Abdullah bin Zayed
The decision to remove the UAE from the list of high-risk countries for money laundering marks a significant achievement, resulting from effective diplomatic efforts led by Abdullah bin Zayed. This step enhances the international community’s trust in the UAE’s regulatory system, opening new avenues for economic and commercial cooperation and reflecting the country’s commitment to the highest international standards.
Praise for the Vision of Wise Leadership
Saqr Ghobash, Chairman of the Federal National Council, expressed his appreciation for the European Parliament‘s decision to remove the UAE from the list of high-risk countries. He affirmed that this decision reflects the advanced position the country has reached in establishing an effective regulatory and legislative system, in accordance with the highest international standards.
The Diplomatic Role of His Highness Sheikh Abdullah bin Zayed
Ghobash also praised the effective diplomatic efforts led by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs. He confirmed that these efforts have resulted in a significant achievement, embodying the approach of wise leadership in promoting transparency, openness, and international cooperation.
Enhancing Strategic Relations
Ghobash pointed to the depth of the strategic relations between the Federal National Council and the European Parliament, noting that the success in removing the UAE from the list represents a foundation for expanding parliamentary cooperation and enhancing coordination on regional and international issues of mutual interest.
New Opportunities for Economic Cooperation
In another context, Ghobash stated that the removal of the country’s name from the risk list opens new horizons for enhancing economic and commercial cooperation. He explained that it will directly contribute to accelerating ongoing negotiations regarding the free trade agreement between the UAE and the European Union, which will positively impact mutual interests and foster sustainable growth and economic prosperity for both parties.
As these diplomatic efforts continue, the UAE can strengthen its position on the global stage and steer development towards new paths that support the country’s strategic objectives.