UAE set to be removed from money laundering ‘gray list’

UAE set to be removed from money laundering ‘gray list’

The global authority overseeing efforts against money laundering has taken the United Arab Emirates off its “gray” list. The organization notes a substantial enhancement in the UAE’s capacity to combat unlawful financial activities. The FATF press service reported this development, citing significant progress in addressing strategic weaknesses previously identified in mutual assessments.

Barbados, Gibraltar, Uganda, and the UAE have been removed from the list of jurisdictions under enhanced monitoring, as per the information released by FATF.

Sourse: https://lnkd.in/eHEdZF-W

At International Fintech Business (IFB), we can help you register a company or open bank accounts in the UAE. Contact us today!

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