The Financial Action Task Force (FATF) removed the United Arab Emirates from the gray list.
According to foreign media, the United Arab Emirates was added to the gray list in 2022 due to concerns about unclear financial transactions and the influx of Russian money into the country.
Apart from the United Arab Emirates, Barbados, Gibraltar and Uganda have been removed from the gray list, while Kenya and Namibia have been added to the gray list are weak in strategic efforts to address financial support.
The head of FATF said that Kenya and Namibia are facing deficiencies in their anti-money laundering systems and an action plan has been prepared to remedy this. A total of 21 countries are included in FATF’s gray list.
