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UAE
Abu Dhabi ruffled by US sanctions as FATF anti-money laundering review looms

LogoSubscribers only By Michael Sweeney
2 min read Lire en français

On 28 August, a US Treasury proposal suggested withholding dollar-access from the UAE branch of Banque Misr, Egypt's second largest lender.
On 28 August, a US Treasury proposal suggested withholding dollar-access from the UAE branch of Banque Misr, Egypt's second largest lender. © Gerald Matzka/dpa/picture-alliance/Newscom/MaxPPP

Designations by Washington and London have highlighted ongoing vulnerabilities in the UAE's financial system ahead of a crucial assessment by the global Financial Action Task Force watchdog.

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