Tag: watchlist
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FATF drops UAE off financial crime watchlist
The Financial Action Task Force (FATF) has announced that it is removing the United Arab Emirates (UAE) from its list of countries under increased monitoring for financial crime. This move comes after the UAE has made significant progress in addressing deficiencies in its anti-money laundering and counter-terrorist financing measures. The FATF, an intergovernmental organization that…
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FCA adds Metro Bank to its financial crime watchlist
FCA Adds Metro Bank to Its Financial Crime Watchlist In a recent development, the Financial Conduct Authority (FCA) has added Metro Bank to its financial crime watchlist, raising concerns about the bank’s anti-money laundering and fraud prevention efforts. This move highlights the growing emphasis on strengthening financial institutions’ risk management capabilities to combat illicit activities.…