As part of the fight against money laundering, the Gulf country, placed under “enhanced surveillance” by the Financial Action Task Force (FATF), announced last Sunday the future creation of entities judicial.

In March 2022, the United Arab Emirates were placed on the gray list of countries with “strategic deficiencies in their anti-money laundering regimes”, including 23 other countries. This ranking was done by the GAFI. Indeed, the country has approved a proposal to create federal prosecution entities specializing in economic crimes and money laundering. This is a first step towards money laundering investigations and the fight against suspicious financial transactions

An Emirati news agency reported that the country aims to strengthen “the confidence of international investors in the business ecosystem in the United Arab Emirates” and encourage them “to bring their businesses back” to the country.