Following the UAE’s Mutual Evaluation, The Financial Action Task Force (FATF) and it’s MENA chapter placed the UAE on the list of “Jurisdictions Under Increasing Monitoring” or the “Grey List” in March 2022.

To address the gaps against the 40 recommendations adopted by FATF, the UAE solidified its stance and continuous efforts to combat money laundering and terrorist financing through taking active measures to enhance and improve compliance within its financial crime control framework.