The United Arab Emirates has been removed from the Financial Action Task Force (FATF) 'grey list' of countries at higher risk for money laundering and terrorist financing. This decision comes after the UAE made significant progress in strengthening its anti-money laundering and counter-terrorism financing framework.

The removal from the grey list is a positive development for the UAE's reputation as a global financial hub and reflects the country's commitment to combatting financial crime. It also highlights the efforts made by the UAE government to enhance its regulatory and enforcement measures in line with international standards.

Being removed from the grey list is a significant achievement for the UAE and reinforces its position as a trusted and compliant financial jurisdiction. It will also provide a boost to the country's economy by reassuring investors and businesses that the UAE remains a safe and secure place to conduct financial transactions.