It appeared that approximately 2 to 5% of global GDP is laundered on an annual basis, equivalent to US$ 800 billion – US$ 2 trillion.
Since the report, the UAE has taken significant steps to improve its situation, promulgating new legislations in that regard.
Friday March 4, 2022 FATF concluded their six plenary meeting, and based on April 2020’s report decided to add the UAE on the FATF’s Grey List.
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