The UAE celebrates its removal from the FATF grey list.

27-Feb-2024

On 23 February 2024, the UAE was removed from the Financial Action Task Force’s (FATF) list of “Jurisdictions under Increased Monitoring”, the so-called “grey list”. The UAE has been on the grey list since its inclusion on 4 March 2022. This signifies a positive development for the country.The FATF Plenary meeting, held in Paris from 19-23 February 2023, approved the UAE’s exit from the follow-up process under the International Cooperation and Review Group (ICRG) and its name to be removed from the grey list after the implementation of all action items and requirements of the action plan. The FATF and its members congratulated UAE on this major achievement, which proves the country's effectiveness and commitment to sustaining efforts, in combating money laundering and terrorism financing.