EU Removes UAE from High-Risk List After Improvements in Fighting Money Laundering

BY THE ARAB TODAY Jun 12, 2025

EU Removes UAE from High-Risk List After Improvements in Fighting Money Laundering

EU Removes UAE from High-Risk List After Improvements in Fighting Money Laundering

The European Union (EU) has taken the UAE off its list of countries at high risk for money laundering. This decision comes after the UAE worked to strengthen its rules against money laundering and terrorism financing.

UAE Removed from EU Watchlist

The European Union (EU) has taken the United Arab Emirates (UAE) off its list of countries with high money-laundering risks. This decision shows that the UAE is now more in line with international rules, especially those of the Financial Action Task Force (FATF), which removed the UAE from its “increased monitoring” list in 2024.

The UAE had raised concerns about being on the blacklist, and this move also reflects improved ties between the EU and UAE, including a new plan to start free trade talks.

Other countries removed from the list include Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda.

However, the EU added new countries to the list for extra checks on money-laundering risks. These are Monaco, Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal, and Venezuela. The changes were based on expert assessments, FATF reviews, country visits, and discussions.

EU-UAE Trade Talks Begin

Last month, the EU and UAE officially started talks on a free trade agreement. If successful, it would be the first full trade deal between the EU and a Gulf country.

The goal is to make trade and investment easier, remove trade barriers, and boost business between Europe and the UAE. This could support long-term economic growth and create new business chances.

The deal might also lead to major agreements, such as a $50 billion AI data center project with France and a $40 billion investment in Italy’s energy and defense sectors.

UAE and the FATF

In February 2024, the FATF removed the UAE from its “grey list” of countries with risks of illegal money flows. This came after a detailed review and visit, where the FATF found the UAE had made strong improvements in monitoring financial activities.

The FATF’s grey list includes countries with weak anti-money-laundering systems, but that are working to improve. The UAE was added to the list in 2022 because of risks in areas like banking, gold trading, and real estate.

Published: 12th June 2025

For more article like this please follow our social media Twitter, Linkedin & Instagram

Also Read:

IMF Visits Syria After 16 Years to Assess Economy, Finances
Contact Financial Holding Names John Saad as New CEO
Saudi Economy Grows 3.4% in 2025, Non-Oil Sector Leads


Economy, Egypt, Food
Egypt’s Inflation Drops to 14.4% in June as Food Prices Fall

Egypt’s Inflation Drops to 14.4% in June as Food Prices Fall Egypt’s inflation rate fell to 14.4% in June, down from 16.5%…

Business, Qatar, UAE
Old Doha Port Signs Deals with UAE and Türkiye to Boost Luxury Yachting

Old Doha Port Signs Deals with UAE and Türkiye to Boost Luxury Yachting Old Doha Port has signed new deals with five…

Energy, Kuwait, Oil
Kuwait Petroleum International Starts Operations at Busy Motorway Stations in Europe

Kuwait Petroleum International Starts Operations at Busy Motorway Stations in Europe Kuwait Petroleum International (KPI), also known as Q8, has begun working…

Banking & Insurance, Saudi Arabia
Saudi Central Bank Launches New E-Commerce Payment System to Support Online Shopping

Saudi Central Bank Launches New E-Commerce Payment System to Support Online Shopping The Saudi Central Bank (SAMA) has introduced a new payment…

Economy, Egypt
Egypt’s Foreign Currency Reserves Rise to $48.7 Billion in June Thanks to Record Remittances

Egypt’s Foreign Currency Reserves Rise to $48.7 Billion in June Thanks to Record Remittances Egypt’s foreign currency reserves increased to $48.7 billion…