Is UAE coming out of the FATF GREY list good news for India?
UAE was introduced to the FATF’s grey list in March 2022.
In February 2024, it was removed from the list after bolstering efforts to strengthen its AML regulatory regime.
India and UAE share a strong business relationship. The Removal of the UAE from the grey list should help strengthen the trade between the two countries. So, for the business community in India, the removal of the UAE from the grey list is good news.
Here is the article providing a comprehensive understanding of the FATF grey list.