UAE Successfully Removed from Global Money Laundering Watchlists

The United Arab Emirates has been removed from the Financial Action Task Force's 'grey list' of countries at risk of illicit money flows, marking a significant win for the nation and potentially bolstering its international standing. The move follows the UAE's efforts to strengthen its anti-money laundering measures, including increased financial investigations and prosecutions, international cooperation, and alignment of virtual asset regulation with international standards. While this delisting is seen as a positive development for the UAE, it contrasts with the European Union's assessment, which still considers the UAE a high-risk country for money laundering and terrorist financing.