Less than two years after being demoted to the Financial Action Task Force’s (FATF) “gray list,” the United Arab Emirates (UAE) has been swiftly removed, signaling significant progress in the country’s efforts to combat illicit financial activities. The Paris-based watchdog acknowledged the UAE’s strengthened anti-money laundering and counter-terrorist financing measures, leading to the country’s exit from increased monitoring.
1. Economic Boost:
2. Gradual Impact:
1. New Entrants to Gray List:
2. Rapid Turnaround for UAE:
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