UAE is taking significant strides in its battle against money laundering and terrorism financing, implementing comprehensive measures that adhere to international best practices. The UAE's recent efforts to be removed from the Financial Action Task Force’s (FATF) "grey list" in February 2024 have significantly boosted investor confidence and reaffirmed the nation’s position as a trusted financial hub.
This proactive approach not only targets financial crime but also strengthens the UAE’s reputation as a competitive economic center dedicated to integrity and transparency in financial management. The government has introduced stringent legal frameworks designed to enhance regulatory oversight, ensuring readiness to tackle emerging financial risks.
The UAE's commitment to maintaining high standards in financial operations is further underscored by its alignment with specific FATF recommendations. This recognition highlights the country’s persistent efforts to promote financial transparency and comply with global standards, ensuring the integrity of the international financial system.
To build a sustainable national framework against financial crimes, the UAE is collaborating closely with the FATF and other global partners. The National Strategy and Action Plan for 2024–2027 positions the UAE as a potential leader in the global fight against these critical issues.
In recent years, the UAE’s standing in global risk classifications has markedly improved. The London Stock Exchange Group now rates the UAE's risk level as "medium," with an enhanced score of 5.86, reflecting a remarkable rise of 13 positions worldwide. These advancements illustrate the UAE's steadfast commitment to safeguarding the global economy from the threats of money laundering and terrorism financing.
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