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NEWS: FATF’s ‘perplexing’ decision to remove UAE from greylist comes under renewed focus

FATF to revisit decision to remove UAE from ‘greylist’ after reports of Dubai money laundering

By Paul O’Donoghue

FATF is to re-evaluate its decision to remove the United Arab Emirates from its grey list after reports of a series of money laundering issues in Dubai.

Jurisdictions on the FATF greylist are placed under increased monitoring, which tends to lead to reduced international investment.

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