Financial Action Task Force – Grey Listing
A concise summary of the objectives behind the placement of the UAE by the Financial Action Task Force (FATF) on their grey list of high-risk jurisdictions for money laundering, including a look at the UAE’s current anti-money laundering regime. This vlog analyses the effects of the grey-listing on existing businesses in the UAE – what they should expect, and imperative steps they should take in order to tackle the heightened compliance regime in the near future.
Biography of the contributor:
Charles has been practicing as a legal consultant in the UAE since 1986. He advises on general corporate matters, contracts and government procurements, project finance, employment, and international trade controls.
Charles has been involved in numerous high monetary value financing and refinancing transactions. In addition, he provides specialised expertise regarding US, UN, and other sanctions, boycotts, and controls affecting exports to, investments in, and transactions with certain designated countries and with regard to the US Foreign Corrupt Practices Act and other bribery prohibitions.
Charles has an active project’s and project finance practice. He also advises international defence contractors on legal matters in the UAE. Since the late 1990s, Charles has been the author of the standard industry UAE law opinions on the various financial agreements used by the ICMA and the ISLA. Charles is also well versed in all aspects of UAE and DIFC employment matters.
Watch the Vlog here: