Source link : https://europ.info/2025/09/16/eu-removes-uae-and-gibraltar-from-money-laundering-grey-list-in-major-move/
The European Union has announced its decision to remove the United Arab Emirates and Gibraltar from its money laundering “grey” list, signaling a significant shift in the bloc’s stance on financial compliance and regulatory oversight. This move, reported by the Financial Times, reflects the EU’s recognition of enhanced anti-money laundering measures implemented by both jurisdictions. The delisting is expected to ease regulatory pressures and foster closer economic ties with the EU, while also underscoring the bloc’s ongoing efforts to strengthen the global fight against financial crime.
EU Ends UAE and Gibraltar Money Laundering Grey List Status Amid Regulatory Improvements
The European Union has officially removed the United Arab Emirates and Gibraltar from its money laundering “grey” list, recognizing significant regulatory advancements made by both jurisdictions. This move reflects extensive reforms aimed at strengthening anti-money laundering (AML) frameworks, boosting transparency, and enhancing cooperation with international financial watchdogs. Authorities in the UAE and Gibraltar have implemented stricter due diligence processes, expanded beneficial ownership registries, and increased compliance monitoring to align with EU standards.
Key improvements leading to delisting include:
- Enhanced customer verification and reporting obligations
- Improved mechanisms for identifying and freezing illicit assets
- Greater transparency in company ownership and…
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Author : William Green
Publish date : 2025-09-16 10:11:00
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