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OPINION: Our guest writer looks at the measures the UAE has taken to avoid the ‘grey list’ and its impact on Dubai’s reputation as a financial hub


By Paul Shelton for AMLi

There is much speculation on the possibility of the UAE being placed on the FATF’s “grey list” of countries requiring more oversight, for failing to properly combat money laundering and terrorist financing (AML/CTF). 

I should point out that I was the Head of Compliance and MLRO for an international branch of a UAE bank but I believe sufficient time has passed for me to be dispassionate on this topic. 

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