UAE added to FATF grey list for money laundering

DUBAI: The Financial Action Task Force (FATF) while retaining Pakistan on the ‘grey list’ adds UAE (United Arab Emirates) to the money laundering watch list.  According to Reuters, the FATF also known as Groupe d’action financière on Friday said that the Middle East business hub in the UAE has been included in the grey list and “subject to increased monitoring”. In response, the UAE government has vowed a “strong commitment” to the FATF, to ensure it meets the requirements to be removed from the grey list.  Australian leg-spinner Shane Warne dies at age 52 Jahangir Tareen expected to return to … Continue reading UAE added to FATF grey list for money laundering