Abu dhabi: Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), and Chairman of the National Committee for Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations, stated that the European Union's decision to remove the UAE from the list of high-risk third countries for money laundering and terrorist financing reflects the country's leadership vision.
According to Emirates News Agency, Balama expressed that the decision aligns with the UAE's goal of establishing an advanced financial ecosystem. This ecosystem is founded on a national vision and governance that ensures the safety and integrity of the financial sector. He acknowledged the diplomatic efforts led by H.H. Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, which were instrumental in achieving this milestone.
Balama highlighted that the decision underscores the UAE's steadfast commitment to addressing challenges and risks within the financial system, prioritizing the enhancement of the nation's competitiveness and development. He also extended appreciation to regulatory entities, authorities, licensed financial institutions, and the private sector for their cooperation in achieving this progress.
