April 22, 2024
Money

UAE Removed, Kenya And Namibia Added To Int’l Money Laundering Grey List


Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday that it had removed the United Arab Emirates from its “grey list” of countries subject to increased monitoring, while Kenya and Namibia were added.

Countries on the grey list have “strategic deficiencies” in their efforts to counter money laundering and terrorist financing, but are cooperating with the FATF to correct the problems and are subject to increased monitoring.

alb/rl/rlp

Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday that it had removed the United Arab Emirates from its “grey list” of countries subject to increased monitoring, while Kenya and Namibia were added.

Countries on the grey list have “strategic deficiencies” in their efforts to counter money laundering and terrorist financing, but are cooperating with the FATF to correct the problems and are subject to increased monitoring.

alb/rl/rlp



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