Day: March 5, 2022
U.A.E. Placed on Global Watch List for Money Laundering, Terrorism Financing
DUBAI—A global watchdog censured the United Arab Emirates for not doing enough in confronting money laundering and terrorism financing activities, adding it to a list of countries requiring increased monitoring, in a blow to the Middle East nation’s image as a safe business and investment hub. The Financial Action Task Force, a Paris-based intergovernmental body