UAE Removed from FATF Gray List

• The United Arab Emirates (UAE) has been swiftly removed, signaling significant progress in the country’s efforts to combat illicit financial activities.
• The Paris-based watchdog acknowledged the UAE’s strengthened anti-money laundering and counter-terrorist financing measures, leading to the country’s exit from increased monitoring.
• Namibia and Kenya have been placed on the gray list following the latest FATF review.
• UAE’s addition to the increased monitoring list in March 2022 marked a swift transformation.

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Published date : 26 Feb 2024 05:21PM