THE UAE has claimed “significant progress” in its efforts to be removed from FATF’s watchlist.
The country’s foreign affairs minister Abdullah bin Zayed Al Nahyan chaired the country’s latest AML/CFT national strategy meeting where updates were given on efforts to be removed from the “grey list.”
DG of the AML Executive Office (EO AML/CTF) Hamid Al Zaabi told the meeting of significant progress made across all items as he described the status of the Emirate’s FATF Action Plan
The meeting was told of a 48% increase in Suspicious Transaction Reports (STRs) during the first half of 2023, “reflecting the increased understanding of the private sector due to the awareness efforts carried out by relevant authorities in the UAE,” the government controlled news agency said.
However foreign governments report continued problems in having gangland and organised crime suspects extradited.
Dubai has become the base for a number of organised crime groups, including the so-called “Kinahan Cartel,” the international drugs trafficking gang led by
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