UAE Dropped from FATF Grey List

On 23rd February, 2024, the United Arab Emirates (UAE) achieved a significant milestone as it was removed from the Financial Action Task Force's (FATF) 'grey list', signifying a major victory for the nation's efforts to combat illicit financial activities and enhance its global financial standing.

Boost to Financial Reputation

  • Government Priorities: The delisting reflects the UAE's concerted efforts, led by the Minister of Foreign Affairs, to enhance anti-money laundering measures and improve its international standing.
  • Discrepancies in Assessment: The delisting contrasts with the European Union's classification of the UAE as a high-risk country for money laundering and terrorist financing, raising questions ....
Do You Want to Read More?
Subscribe Now

To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.