Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 167)

2024-02-24 Finance

167.

Which country has been dropped from FATF's financial crime watch list?

Pakistan

Saudi Arabia

Srilanka

United Arab Emirates

Answer: Option

Explanation:

The United Arab Emirates (UAE) has been removed from a global watchdog's list of countries at risk of illicit money flows. While the EU still categorizes the UAE as a high-risk country for money laundering and terrorist financing, this removal reflects positive progress in the UAE's efforts to combat financial crimes.