FATF Removes Four Jurisdictions, Including UAE, From Its Compliance “Grey List”

With reputations on the line, being removed from the list is an achievement that such jurisdictions – and firms operating in them – like to broadcast.

The inter-governmental body setting standards in the fight
against money laundering and terrorism finance has removed the
United Arab Emirates from its “grey list” of jurisdictions
subject to increased monitoring.

The move by the Financial
Action Task Force (FATF) – under Singapore’s presidency
– and announced late last week, also…