Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) and Chairman of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations, called the decision a reflection of the country’s “wise leadership” and long-term vision, a WAM report said.

Diplomatic efforts lead to key breakthrough

Balama credited the diplomatic work of Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Higher Committee overseeing the National Anti-Money Laundering Strategy, for helping secure the EU’s decision.

“This marks a significant step in establishing an advanced financial ecosystem based on effective governance and a forward-looking national strategy,” he said.

Commitment to financial integrity

He emphasised that the move reflects the UAE’s commitment to strengthening its financial systems, enhancing transparency, and aligning with international standards to boost global competitiveness.

“We appreciate the continued cooperation of regulatory authorities, licensed financial institutions, and the private sector in making this progress possible,” Balama added.

The UAE has undertaken comprehensive reforms in recent years to fortify its anti-money laundering and counter-terrorism financing frameworks—efforts that have now been recognised by the European Union with the country’s removal from its high-risk list.