The Financial Action Task Force removed the United Arab Emirates from the Global Watch List for money laundering and terrorism on February 23rd. According to the FATF, U.A.E. took significant steps to address an action plan in 2022 addressing its strengthening financial compliance efforts. According to FATF President, T. Raja Kumar, “Exiting the gray list doesn’t mean that the U.A.E. has a perfect system, but the U.A.E. has committed essentially to continuing its virtuous path to further enhancing its [anti-money-laundering/counter-terrorism financing] regime, and I encourage the U.A.E. to continue along this virtuous path.”
U.A.E. Removed From Global Watch List
