Kenya and Namibia have been added to the global financial watchdog's 'gray list' due to their shortcomings in tackling illicit financial flows, according to reports. In contrast, the United Arab Emirates (UAE) has been removed from the same list by the Financial Action Task Force (FATF), marking a significant achievement for the Gulf state. This development comes less than two years after the UAE's initial demotion and follows efforts by local authorities to clamp down on illicit financial flows. The removal of the UAE from the list is seen as a win for the nation, potentially bolstering its status as a global financial hub, particularly for Dubai.
UAE dropped from global watchdog’s illicit finance list in quick turnaround, @jackvdutton writes https://t.co/BS1hHSFKOB
BIG: The #UAE has been removed from the FATF Grey List. What does this mean for you as a visitor or investor? This development signifies that the UAE has successfully transformed criticism into actionable plans, enhancing its measures and policies to fully align with the… https://t.co/tMHG6ffrFd
The UAE was removed from a global watchdog’s “gray list” on Friday, less than two years after the Gulf state’s demotion, capping a push by local authorities to clamp down on illicit financial flows https://t.co/S52ueQgZeI via @BenBartenstein
The Financial Action Task Force (FATF), the international organization in charge of combatting money laundering and terrorism financing has announced the UAE’s completion of all 15 recommendations of its action plan and has congratulated the UAE on this achievement. The…
A big moment for the UAE. They worked hard to resolve this. This will accelerate Dubai's evolution into one of the world's great global financial hubs. https://t.co/yrh03qKV8d
UAE removed from money laundering ‘grey list’ https://t.co/qPDcmw3LhF
UAE dropped from financial crime watch list in win for nation https://t.co/yr2ixsWtIF https://t.co/vC3a2BuWk3
BREAKING: Kenya added to international money laundering grey list, along with Namibia; UAE has been removed from the list - @AFP. Kenya will be subject to the monitoring of the global money laundering and terror financing watchdog, FATF.
BIG NEWS !! 😍🇦🇪 UAE is out of FATF Grey List … !
#BREAKING UAE removed, Kenya and Namibia added to int'l money laundering grey list https://t.co/WoTWYI16jN
BREAKING: UAE removed from int’l money-laundering grey list: FATF https://t.co/FE9RI1olEB
⚠️ UAE DROPPED FROM FINANCIAL CRIME WATCH LIST IN WIN FOR NATION (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 bolster its… https://t.co/sZtVUKFyg2
The United Arab Emirates was removed from a global watchdog’s “gray list” on Friday, less than two years after the Gulf state’s demotion, capping a push by local authorities to clamp down on illicit financial flows https://t.co/MH6ksXRXUx
*UAE REMOVED FROM FINANCIAL ACTION TASK FORCE GRAY LIST
Kenya has again been placed on a global financial watchdog’s “gray list” due to its shortcomings in tackling illicit financial flows https://t.co/XFvm3uxER7
The United Arab Emirates is poised to exit a global watchdog’s "gray list” as soon as this week, following a push to clamp down on illicit financial flows in and out of the oil-rich Gulf state. https://t.co/3H8FC3GUIv