UAE needs time to show effectiveness to exit financial crime grey list, says Economy Minister

article author: 
Wed, 2023-04-26 11:16

LONDON: The UAE needs time to demonstrate the effectiveness and enforcement of policies introduced against financial crime before it can be removed from a global watchdog’s ‘grey’ list, the economy minister told Reuters. 

The Financial Action Task Force just over a year ago included the UAE on a list of jurisdictions subject to increased monitoring, known as its ‘grey’ list. The UAE responded by saying it was committed to working closely with FATF to improve. 

Main category: 

Leave a Reply

Your email address will not be published. Required fields are marked *

× Contact us for news, article submissions, and SEO services.