Why was UAE added to the FATF Grey List? | Russia Ukraine Crisis

Описание: UAE has been added to the FATF Grey List. The wealthy Gulf state, which includes the freewheeling trade-to-tourism hub Dubai, was named on the Paris-based Financial Action Task Force's 23-strong list on Friday, joining the likes of Yemen, Syria, and South Sudan.

The resources-rich UAE has become a nexus connecting the Middle East, Europe, Central Asia, and Asia. Dubai has the world's busiest airport in terms of international passenger traffic, and one of the busiest seaports.

While the desert country has successfully diversified its economy rather than relying on oil, experts and international organizations have long criticized a failure to crack down on murky financial transactions.

We hope that you enjoyed this video on the Greylisting of UAE by the Financial Action Task Force (FATF).

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