Watchdog calls on UAE to improve to eliminate money laundering
The FATF has found that there is a high risk that criminals will try to launder money or finance ‘terrorism’ through the UAE.
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An international watchdog has warned that the United Arab Emirates is not doing enough to crack down on money laundering and “terrorist financing”.
The Paris-based Financial Action Task Force (FATF) says the UAE could find itself on a watchlist along with countries like Syria and Yemen unless it improves.
Al Jazeera’s Bernard Smith reports.
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Published On 30 Apr 2020