SOVA NEWS

UAE is off the FATF's Grey List

The United Arab Emirates (UAE) has been removed from the Financial Action Task Force's (FATF) "grey list" for increased monitoring, marking a significant improvement in its efforts against money laundering and terrorist financing. This decision, announced in February 2024, recognises the UAE's significant progress in enhancing its financial regulatory framework and compliance with international standards, highlighting the country's commitment to global financial security standards​​.