UAE to be FATF grey listed?
04/01/2022
The Financial Action Task Force is leaning toward adding the UAE to its "grey list" early this year.
Even after a recent government push to stamp out illicit transactions, the United Arab Emirates is at increased risk of being placed on a global watchdog's list of countries subject to more oversight for shortcomings in combating money laundering and terrorist financing.
CURRENTLY, the FATF has 23 countries under closer scrutiny, including Albania, Syria, and South Sudan, with only Iran and North Korea on its highest-risk "black list."
Should the FATF approve the designation, it would be among the most significant such steps in the Paris-based group's three-decade history, given the UAE's position as the primary financial hub of the Middle East.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.