Industry predicts UAE impact in wake of FATF grey listing 

Mark Battersby
clock • 7 min read

Financial industry practitioners and the UAE authorities have reacted to the Financial Action Task Force (FATF) placing 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.  International Investment reported on 5 March that the FATF statement the day before came after a meeting of the sixth Plenary of the FATF under the German Presidency of Marcus Pleyer. Sean Kelleher CEO, Mondial Dubai said: "I am surprised but not shocked.  Surprised beca...

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