UAE: Impending Exit from FATF Grey List5 min read
- 08.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The United Arab Emirates (UAE) is about to exit the Financial Action Task Force’s (FATF) “grey list.” This list includes jurisdictions that need to improve their efforts against financial crimes. The UAE has proactively addressed deficiencies in its anti-money laundering (AML), counter-terrorist financing (CTF), and anti-proliferation financing frameworks.
Greylisting often complicates international transactions due to increased scrutiny and compliance requirements. With the UAE’s improved regulatory standing, Multinational corporations (MNCs) can expect smoother cross-border dealings, facilitating trade and investment activities. Also, MNCs will likely find securing funding from local and international financial institutions more accessible.
How Can TME Services Support Your Bussiness
The UAE’s regulatory advancements position it as an even more attractive destination for multinational corporations seeking growth opportunities in the dynamic MENA region. As the UAE continues its commitment to international standards and regulatory excellence, MNCs can expect to reap the rewards of a stable, transparent, and conducive business environment.
At TME Services, our team of 45 experts is ready to help your business make the most of these opportunities. With over 18 years of experience in the UAE and the Middle East, we specialize in legal, tax, accounting, and compliance matters.
Authors
Share the article
-
09 Nov 2024 DubaiUAE Central Bank Reduces Base Rate to 4.65% Following Fed’s Latest Rate Cut
-
09 Nov 2024 DubaiUAE’s New Investment Strategy - Opportunities for Business Growth
-
09 Nov 2024 TaxUAE Federal Tax Authority Announces Grace Period for Corporate Income Tax Amendments
-
01 Nov 2024 DubaiUAE Economic Growth - Practical Opportunities for Businesses and Investors
-
01 Nov 2024 DubaiProtect Your Business from Rising Cyber Threats