Dubai Commodities Clearing News Today

European Union lists the UAE as a high-risk country for money laundering and terrorist financing

The United Arab Emirates, home to the financial center of Dubai, was removed from the international financial crime watchdog's list on Friday. The...

The United Arab Emirates, particularly Dubai, celebrates as it is removed from a global watchdogs list of countries posing risks of illicit money flows, a move that could enhance its global reputation. The Financial Action Task Force (FATF) removed the UAE from its grey list of risky nations, after it faced scrutiny in 2022 for potential money laundering and terrorist financing.

By Rachna Uppal and Hadeel Al Sayegh DUBAI/PARIS (Reuters) - The United Arab Emirates, home to the financial hub of Dubai, has been dropped from a global watchdog's list of countries at risk of illicit money flows, a win for the nation that could ...