UAE Removed from FATF's 'Grey List' Amid Criticism

Kenya and Namibia added to the list for money laundering concerns, while the decision to remove the UAE raises questions of political influence.

The Financial Action Task Force (FATF) has removed the United Arab Emirates from its 'grey list' of countries subject to increased monitoring for money laundering and terrorist financing.
Kenya and Namibia have been added to the FATF's 'grey list' due to deficiencies in their anti-money laundering systems.
A total of 21 nations are now on the FATF's 'grey list', with Barbados, Gibraltar, and Uganda also being removed alongside the UAE.
The FATF's decision to remove the UAE from the list has been met with criticism, with some alleging that political considerations influenced the move.
Countries on the 'grey list' are recognized as having strategic deficiencies but are cooperating with the FATF to address these issues.