Countries on the grey list undergo increased monitoring and must actively work with FATF to correct deficiencies
The grey-list exit will increase the international community’s confidence in the country’s financial services sector
An exit from the grey list marks a swift turnaround for the UAE, which was initially added to the list of jurisdictions under increased monitoring in March 2022
VARA became aware in February that OPNX was soliciting customers for its platform and collecting personal data
The guidelines will support licensed financial institutions effectively implement their statutory obligations related to anti-money laundering and combatting the financing of terrorism