Reported 3 days ago
The European Union intends to remove the United Arab Emirates from its high-risk money laundering list, a move the UAE has been advocating for. This decision, which still awaits approval from EU member states and the European Parliament, indicates the EU's commitment to maintaining international standards, especially those set by the Financial Action Task Force. Recent discussions also include the initiation of free trade negotiations between the EU and the UAE.
Source: YAHOO