An international watchdog says it's removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and terrorism financing. The announcement was made on Friday by the Paris-based Financial Action Task Force following its meeting in the French capital. The FATF welcomed the UAE’s “significant progress in improving” its anti-money laundering and counterterrorism financing policies. The watchdog said in a statement that Barbados, Gibraltar and Uganda will also be removed from the FATF’s gray list. The watchdog said in a statement that they “will no longer be subject to the FATF’s increased monitoring process.”
