Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Larijani: The Zionist entity seeks to sow chaos, but this crime will only make the Iranian people more united and standing in solidarity
Ali Larijani, senior political advisor to the Supreme Leader of the Islamic Revolution and the Islamic Republic: These crimes demonstrated the impotence of the United States
Qalibaf: The Zionist entity must await a harsh response that will make it regretful
Speaker of the Iranian Shura Council, Mohammad Bagher Qalibaf: The time is ripe for revenge, which will be achieved by any and all means
Tasnim News Agency: 6 nuclear scientists were martyred in Israeli aggression
State TV announces Iran will not participate in the indirect nuclear talks with the United States scheduled for Sunday in the Omani capital
IOF spokesperson: In recent hours, Iran has launched more than 100 drones toward 'Israel'
Jordan temporarily closes its airspace due to escalating tensions in the region
Israeli media outlet: The United States knew about the attack on Iran at least a week in advance
By executive order of the Supreme Leader, Brigadier General Ahmad Vahidi has been appointed as temporary Commander-in-Chief of the IRGC

UAE grey-listed for money laundering and terrorist funding

  • By Al Mayadeen net
  • Source: Agencies
  • 5 Mar 2022 14:17
  • 2 Shares
2 Min Read

The UAE was recently placed on the French-based Financial Action Task Force's grey list of countries to be put under increased scrutiny.

  • x
  • USE promises
    UAE promises a "robust" response for money laundering and terrorist funding.

The UAE has been dealt an unexpected blow to its reputation by the international Financial Times watchdog Financial Action Task Force (FATF).

The UAE, and particularly Dubai, has long been known for the ease with which enormous quantities of money may be moved in and out of the country, as well as lax oversight in areas such as real estate transactions.

The Emirates were included with 22 other nations on a grey list and will be subjected to "increased monitoring".

Related News

Israeli Damascus advance breaches sovereignty, fuels tensions: Syria

Islamic State eyes resurgence in Syria, Iraq, exploiting divisions

Although their inclusion on the list may not stop foreign financial institutions from setting up branches in the country, it could raise costs for local banks and international lenders could be faced with complicated issues.

In 2020, the FATF expressed "concern" over the UAE's minimal number of money-laundering prosecutions, particularly in Dubai, and asked the nation to tighten its anti-money laundering efforts.

Prior to the release of the report, Emirati officials claimed that the UAE had taken several efforts to address the FATF's concerns and had considerably enhanced the authorities' capacity to crack down on "dirty money" flows in all seven emirates of the federation.

The UAE's Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism said in a statement that it takes its role in "protecting the integrity of the global financial system extremely seriously," pledging "robust actions and ongoing measures" to "identify, disrupt, and punish criminals and illicit financial networks."

According to the FATF, a part of the action plan involves the UAE providing additional resources to its financial intelligence to strengthen its analysis function and ability to pursue high-risk money laundering threats, demonstrate an increase in effective investigations and prosecutions of various types of money laundering, and proactively identify and combat sanctions evasion.

  • Syria
  • Money laundering
  • UAE
  • South Sudan
  • Yemen

Most Read

The logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
Iranian demonstrators walk on a caricature of the Israeli Prime Minister Benjamin Netanyahu during the annual Quds Day rally in support of Palestinians, in Tehran, Iran, Friday, March 28, 2025 (AP)

Iran hits 'Israel' hard without arms; intel breach lays Tel Aviv bare

  • Politics
  • 7 Jun 2025
'Israel' launches major strike against Iran's nuclear program

'Israel' launches massive aggression on Iran

  • MENA
  • Today
The flag of the International Atomic Energy Agency flies in front of its headquarters during an IAEA Board of Governors meeting in Vienna, Austria, Wednesday, Nov. 22, 2023. (AP)

Tehran unravels documents exposing secret IAEA-'Israel' collusion

  • Politics
  • 12 Jun 2025

Coverage

All
War on Gaza

Read Next

All
U.S. National Guard are deployed around downtown Los Angeles, Sunday, June 8, 2025, following a immigration raid protest the night before. (AP Photo/Eric Thayer)
US & Canada

ICE raids in LA trap families in harsh conditions: Lawyers

Colombia's President Gustavo Petro speaks at a rally to garner support for a referendum on labor reform, in Cali, Colombia, on June 11, 2025. (AP Photo/Santiago Saldarriaga)
Politics

Petro slams US-linked coup plot, signs decree for popular consultation

President Donald Trump speaks as he signs executive orders in the Oval Office of the White House on April 17, 2025. (AP)
US & Canada

World sees Trump as ‘arrogant’, ‘dangerous’ as ratings sink: Poll

he Department of Defense logo is seen on the wall in the Press Briefing room at the Pentagon on, Oct. 29, 2024 in Washington. (AP Photo/Kevin Wolf, File)
Politics

Future of $240bln AUKUS deal in doubt as Pentagon launches review

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS