Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, Analysis & Opinion, CFT, Compliance, Financial Crime, MEA, Regulatory

NEWS: UAE remains on FATF ‘grey list’ but has made progress in addressing its AML issues, watchdog says

LEADERS: Xolisile Khanyile, director of South Africa's Financial Intelligence Centre (FIC) and chair of the Egmont Group with Hamid Alzaabi at the FATF plenary in Paris last month. He is Director of the UAE's AML-CTF Executive Office.

The United Arab Emirates (UAE) has taken significant steps to address the shortcomings in its AML/CFT framework, according a FATF follow-up report released this week (Thurs). However, the country remains on the FATF ‘grey list’ otherwise known as its Enhanced Follow-Up process Overall, the UAE is now “compliant” with 15 of the forty FATF Recommendations,…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!