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UAE revises anti-money laundering strategy, but questions remain over its approach


Issue 1191 - 05 Sep 2024 | 6 minute read

The UAE succeeded in being removed from money laundering watchdog FATF’s ‘grey list’ in February, but some doubts remain over its commitment to clamping down on money laundering and terrorist financing. Recent actions against gold refineries, bankers and others suggest a renewed effort by the UAE authorities to address the ongoing challenges to its reputation as a commercial hub.

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