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UAE to assess risk of banned weapon funding as it waits for FATF decision on grey list

By Alisha Houlihan for AMLi

The UAE is to assess its risk of banned weapon funding that could be flowing through its trading hub, as it awaits a momentous decision by the Financial Action Task Force to ‘grey list’ the Gulf state. 

A list of high-risk and other monitored jurisdictions will be updated in March by the watchdog, according to Reuters. 

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