The UAE, one of the region's major economies, has relatively lax anti-money laundering rules, which enable criminals to exploit gaps and commit financial crimes.
#united arab emirates (uae)
Don’t risk your business.
With the UAE possibly facing greylisting by FATF, the country's battle against its largest money-laundering issue - gold smuggling – has resurfaced.
Despite recent state efforts to prevent money laundering and terrorist funding, the UAE is at risk to be added to FATF's list of nations exposed to increased monitoring.
The business sector is developed and global in UAE and poses major threats in terms of money laundering, corruption, and bribery.