An international watchdog said Friday that it was removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and terrorism financing.
The announcement was made by the Paris-based Financial Action Task Force following its meeting in the French capital. The FATF welcomed the UAE’s “significant progress in improving” its anti-money laundering and counterterrorism financing policies.
Barbados, Gibraltar and Uganda will also be removed from the FATF’s gray list, the watchdog said in a statement Friday following its plenary meetings.
They “will no longer be subject to the FATF’s increased monitoring process,” the watchdog said in a statement.
Being on the watchdog’s gray list can scare away investors and creditors, hurting exports, output and consumption. It also can make global banks wary of doing business with a country.
Greek lawmakers early on Monday approved new tax and pension reforms, a move the left-led government hopes will help unlock fresh bailout funds under a financial lifeline worth up to 86 billion euros
The data sheds light on who is top of the tree in the citizenship and residency-by-investment schemes around the world. Malta and Portugal rank top in their respective categories. The Mediterranean
Press Release from Carey Olsen, Friday 25 October, 2024. Carey Olsen’s investment funds team in Jersey has advised RoundShield Partners LLP (“RoundShield”) on the successful closing
The Portuguese government is to slash taxes for people aged 35 and under, in an attempt to dissuade young people from emigrating and encourage foreigners to settle in Portugal. As part of the budget