The Dubai Unlocked investigation reinforces the need for ongoing scrutiny of efforts by the United Arab Emirates (UAE) to prevent and detect dirty money being invested in the country, Transparency International said today. Authorities in the UAE should now investigate the revealed cases and take action if there is suspicion that properties were purchased with...
Monday, September 25, 2017
Tag: TransparencyInternational
Home » TransparencyInternational
Post
February 27, 2024February 27, 2024News
UAE Removed from FATF Gray List: Political Considerations Overrule Anti-Money Laundering Concerns
On Friday 23 February, the Paris-based Financial Action Task Force (FATF) has removed the United Arab Emirates from its “gray list”. The move, critics say, has more to do with political considerations than with any real improvement in fighting money laundering on the part of the UAE authorities. The United Arab Emirates were first added...