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EU lawmakers voted to remove the UAE and Gibraltar from the bloc’s “grey” list of countries with lax money laundering controls, facilitating trade talks with Abu Dhabi. This decision, which follows FATF’s delisting of both jurisdictions in 2024, comes amid ongoing discussions about adding Russia to the grey list, with other countries including Barbados and Panama also being delisted.
Explain It To Me Like I’m 5: EU lawmakers decided to take the United Arab Emirates and Gibraltar off a list that made it harder for them to do business because they were working on improving their rules against money laundering.
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