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Financial Action Task Force places United Arab Emirates on money laundering ‘grey’ list

Tuesday, March 8, 2022 The Financial Action Task Force (FATF) placed the United Arab Emirates on its global grey list March 4 for “strategic deficiencies” in combatting “money laundering, terrorist funding, and proliferation financing”, subjecting it to heightened scrutiny. The UAE joins 23 countries, including Middle East neighbours Jordan, Syria and Yemen, and Pakistan and…