Financial crimes task force puts UAE on grey list 

Mark Battersby
clock • 3 min read

The Financial Action Task Force (FATF) had put the UAE on its so-called grey list for increased AML monitoring, an obvious blow to the region's financial hub after making such significant strides in recent years to build its status in the world.  The announcement came in a statement on 4 March after four days of meeting of the sixth Plenary of the FATF under the German Presidency of Marcus Pleyer. Delegates representing the 206 members of organisations such as the IMF, the United Nations and the World Bank added no other jurisdictions to the grey list but they did remove Zimbabwe from...

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