The European Commission is planning to remove the United Arab Emirates from the EU’s list of high-risk third countries for money laundering and terrorist financing, according to a document seen by Euractiv.

The move follows a decision by the global money laundering and terrorist financing watchdog Financial Action Task Force’s (FATF) to remove the UAE from its own grey list back in February 2024.

In April, Commission President Ursula von der Leyen called with the President of the UAE, during which they agreed to open talks on a potential free trade deal.