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(Bloomberg) -- The United Arab Emirates is at increased risk of being placed on a global watchdog’s list of countries subject to more oversight for shortcomings in combating money laundering and terrorist financing, even after a recent government push to stamp out illicit transactions.
FATF leaning toward adding financial centre to its “gray list” for oversight due to money laundering and terrorist financing shortcomings
The Financial Action Task Force is leaning toward adding the UAE to its "gray list,” which would make the country subject to more oversight for shortcomings in combating money laundering.