UAE removed from FATF money laundering, terrorism financing watchlist

But removal of the country from watchdog’s gray list prompts criticism from global anti-corruption groups.

The United Arab Emirates (UAE), home to the financial hub of Dubai, has been dropped from a global watchdog’s list of countries at risk of illicit money flows, a win for the nation that could bolster its international standing.

The Financial Action Task Force (FATF), an intergovernmental organization founded in

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