By STEPHEN RAE for AMLi
THE DECISION on whether the UAE is added to FATF’s ‘grey list’ will likely be announced on March 4 next, it was revealed today.
As the federation of Gulf States stepped up its campaign to avert likely joining the FATF watchlist, a UAE foreign minister has spoken about the state of play.
However, a key player will be the United States and whether it is satisfied with the response from Dubai. The US was a key player in having Malta placed on the ‘grey list’ last year.
While the UAE has made steady strides to improve its AML regime, Dubai continues to attract foreign criminal gangs such as the Kinahan cartel.
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