Gibraltar has been officially removed from the European Commission’s list of volatile third country jurisdictions. The decision follows detailed reviews and assessments led by the Financial Action Task Force. This updated list highlights global efforts towards strengthening financial systems and combating money laundering. Aside from Gibraltar, seven other countries have been delisted, including Barbados, Jamaica, Panama, the Philippines, Senegal, Uganda, and the United Arab Emirates. Meanwhile, ten new jurisdictions have been added to the list following further evaluation. The Commission claimed the decision was due to clear technical assessments and progress made by each country. Several independent reviews were conducted to verify these improvements. The announcement signals years of work by Gibraltar to meet and exceed global standards. Authorities across the jurisdiction have implemented major reforms to improve transparency and tighten supervision.

Assessment Based on Technical Compliance

According to the European Commission, the update follows a structured process. Each jurisdiction was measured against specific standards related to financial transparency and anti-money laundering controls. FATF played a key role, carrying out reviews and inspections to confirm each country’s progress. The Commission stated that every decision was data-based to ensure fairness and objectivity. 

This latest proposal must be approved by the European Parliament within the next one or two months. Once approved, the removal from the list will become official across the EU financial system. The delisting will allow financial institutions across Europe to interact more freely with Gibraltar-based firms. It also reduces the compliance burdens associated with doing business with Gibraltar entities. 

Minister Feetham Welcomes the Announcement

Gibraltar’s Financial Services Minister, Nigel Feetham, welcomed the Commission’s decision. He said it reflects Gibraltar’s strong technical record and ongoing commitment to financial integrity.

“This decision recognises Gibraltar’s strong technical compliance and it’s clear commitment to maintaining a clean, reliable financial system. We have not only met global standards, we have exceeded them. Gibraltar has taken every necessary step to safeguard its financial reputation,” Feethman said.

He added that the announcement is a win for Gibraltar’s regulatory bodies and wider financial services sector. It will improve investor confidence and deepen Gibraltar’s engagement with main financial markets.

A Positive Outlook for the Future

The delisting marks a significant turning point for Gibraltar. Analysts believe it will enhance the territory’s credibility in global finance and strengthen ties with European institutions.

As Gibraltar awaits formal acknowledgement by the European Parliament, the mood is optimistic. For officials, this achievement was the beginning of a new phase. They aim to build on this momentum and keep improving trust with international partners. The focus will be on maintaining these high standards and leading by example.