Anti-Financial Crime & Financial Crime Compliance
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REACTION: UAE welcomes FATF decision to conduct on-site visit, paving way to being de-listed

WELCOME: Ahmed Ali Al Sayegh, UAE Minister of State welcomed the FATF’s president’s announcement. “The UAE looks forward to welcoming the FATF assessment team to the UAE, and further demonstrating the enhanced and sustained effectiveness of our AML/ CFT framework. Cooperation with strategic international partners is critical to contributing to the global effort to detect and disrupt all forms of financial crime.” he said.

NEWS that FATF president Raja Kumar confirmed an on-site visit to the UAE before February 2024 was welcomed in Dubai and Abu Dhabi. The move signals the UAE is now set to come off the financial watchdog’s global watchlist – or “grey list.” Ahmed Ali Al Sayegh, UAE Minister of State welcomed the FATF’s president’s…

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