{"id":18808,"date":"2025-06-13T10:43:45","date_gmt":"2025-06-13T10:43:45","guid":{"rendered":"https:\/\/www.watanserb.com\/en\/?p=18808"},"modified":"2025-06-13T10:43:45","modified_gmt":"2025-06-13T10:43:45","slug":"eu-removes-uae-from-money-laundering-risk-list-adds-lebanon-algeria-and-monaco","status":"publish","type":"post","link":"https:\/\/www.watanserb.com\/en\/2025\/06\/13\/eu-removes-uae-from-money-laundering-risk-list-adds-lebanon-algeria-and-monaco\/","title":{"rendered":"EU Removes UAE from Money Laundering Risk List, Adds Lebanon, Algeria, and Monaco"},"content":{"rendered":"<p class=\"ai-optimize-6 ai-optimize-introduction\"><em><strong>Watan<\/strong><\/em>-The European Union announced Tuesday the removal of the United Arab Emirates from its list of &#8220;high-risk&#8221; countries for money laundering. However, it added Monaco, Lebanon, Algeria, and several others to the list.<\/p>\n<p class=\"ai-optimize-8\" data-start=\"810\" data-end=\"1047\">The European Commission stated it has included Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela on its updated list of countries requiring additional oversight for their money laundering controls.<\/p>\n<p class=\"ai-optimize-9\" data-start=\"1049\" data-end=\"1205\">In addition to removing the UAE, the Commission also delisted Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda from the same list.<\/p>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-94\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\" tabindex=\"-1\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"7d0c5730-266c-4491-9570-190ffe2ae95b\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<h3 class=\"ai-optimize-20\" data-start=\"0\" data-end=\"78\"><strong data-start=\"19\" data-end=\"78\" data-is-last-node=\"\">EU Expands Blacklist Following FATF Grey List Revisions<\/strong><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex min-h-[46px] justify-start\"><\/div>\n<\/div>\n<div class=\"absolute\">\n<div class=\"flex items-center justify-center\">These adjustments follow a February announcement by the Financial Action Task Force (FATF), which removed the Philippines from its watch list and added Laos and Nepal.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p class=\"ai-optimize-11\" data-start=\"1376\" data-end=\"1583\">The FATF, based in Paris, monitors efforts by over 200 countries to combat money laundering and terrorism financing. Its &#8220;grey list&#8221; includes countries subject to enhanced scrutiny of financial transactions.<\/p>\n<p class=\"ai-optimize-12\" data-start=\"1585\" data-end=\"1870\">According to a report by French magazine Jeune Afrique, the EU views the listed countries as having &#8220;strategic deficiencies in their anti-money laundering and counter-terrorism financing systems,&#8221; which, according to Brussels, pose &#8220;serious threats to the European financial system.&#8221;<\/p>\n<p class=\"ai-optimize-13\" data-start=\"1872\" data-end=\"2097\">The report adds that Algeria, Angola, Ivory Coast, Kenya, and Namibia\u2014already on the FATF grey list since February\u2014have now been added to the EU&#8217;s black list. South Africa, which is also under EU monitoring, is a FATF member.<\/p>\n<figure id=\"attachment_17805\" aria-describedby=\"caption-attachment-17805\" style=\"width: 1000px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-17805 size-full\" src=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/444555.jpg\" alt=\"The European Union announced Tuesday the removal of the United Arab Emirates from its list of &quot;high-risk&quot; countries for money laundering. However, it added Monaco, Lebanon, Algeria, and several others to the list.\" width=\"1000\" height=\"600\" srcset=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/444555.jpg 1000w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/444555-300x180.jpg 300w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/444555-768x461.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-17805\" class=\"wp-caption-text\">The EU has removed the UAE from its high-risk countries list for money laundering but added Algeria,<\/figcaption><\/figure>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-96\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\" tabindex=\"-1\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"7315418a-5ff6-44ee-98b5-ca5e1fa607be\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<h3 class=\"ai-optimize-21\" data-start=\"0\" data-end=\"78\"><strong data-start=\"19\" data-end=\"78\" data-is-last-node=\"\">EU Blacklist Not Final as Countries Show Reform Efforts<\/strong><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex min-h-[46px] justify-start\"><\/div>\n<\/div>\n<div class=\"absolute\">\n<div class=\"flex items-center justify-center\">The European Commission affirmed that these countries \u201chave shown high-level political commitment and developed action plans with the FATF to close identified gaps.\u201d However, despite welcoming these steps, it noted that \u201cthe deficiencies have not yet been fully addressed.\u201d<\/div>\n<div><\/div>\n<div class=\"flex items-center justify-center\">In May 2024, the EU introduced a new institutional and legal framework, including the creation of the Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA), which has direct and indirect supervisory powers over high-risk financial entities.<\/div>\n<div><\/div>\n<div class=\"flex items-center justify-center\">The report emphasizes that being placed on the EU blacklist is not permanent. While five African countries were added on June 10, two\u2014Senegal and Uganda\u2014were removed. The Commission considers that \u201cboth have addressed their shortcomings.\u201d<\/div>\n<div><\/div>\n<div class=\"flex items-center justify-center\">In an October 25 report, the FATF praised C\u00f4te d\u2019Ivoire\u2019s progress in strengthening its legal framework against money laundering and terrorism financing, but said further reforms are needed, hence its inclusion.<\/div>\n<div><\/div>\n<div>\n<figure id=\"attachment_9275\" aria-describedby=\"caption-attachment-9275\" style=\"width: 1200px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-9275 size-full\" src=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval.jpg\" alt=\"The European Commission stated it has included Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela on its updated list of countries requiring additional oversight for their money laundering controls.\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval.jpg 1200w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-300x200.jpg 300w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-768x512.jpg 768w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-1024x683.jpg 1024w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-150x100.jpg 150w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-450x300.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-9275\" class=\"wp-caption-text\">Algeria<\/figcaption><\/figure>\n<\/div>\n<div><\/div>\n<div class=\"flex items-center justify-center\">In response, the Ivorian government pledged to improve cooperation in investigations and enforce exemplary sanctions in case of violations.<\/div>\n<div><\/div>\n<div class=\"flex items-center justify-center\">A similar response came from Algeria, which must revise its risk control mechanisms and implement targeted financial sanctions to address shortcomings in its system. The FATF chair stated: \u201cBeing on the grey list is not a punitive measure\u2026 it\u2019s intended to guide countries in improving their action plans.\u201d<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Watan-The European Union announced Tuesday the removal of the United Arab Emirates from its list of &#8220;high-risk&#8221; countries for money laundering. However, it added Monaco, Lebanon, Algeria, and several others to the list. The European Commission stated it has included Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela on its updated &hellip;<\/p>\n","protected":false},"author":1,"featured_media":18809,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[62,3619,1304],"class_list":["post-18808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reports","tag-algeria","tag-the-european-union","tag-the-united-arab-emirates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EU Removes UAE from Money Laundering Risk List, Adds Lebanon, Algeria, and Monaco - Watan<\/title>\n<meta name=\"description\" content=\"The EU has removed the UAE from its high-risk countries list for money laundering but added Algeria, 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