Removing UAE From FAFT’s “Grey List” Is Dangerous Move

At the heart of the issue is whether the jurisdiction has done enough to clamp down on money laundering and other illicit financial flows. The author of this article argues that so far, not nearly enough progress has been made to justify the FATF”s action in February.

The following commentary comes from Ben Keith, who is a
barrister at 5 St Andrew’s Hill and editor of Red Notice Monitor
blog. He comments on recent developments affecting the United
Arab Emirates. In February, the Financial
Action Task Force, the…