Kenya has been put on the list of nations that will be under heightened monitoring on how it is countering money laundering, terrorist financing, and proliferation financing by the Financial Action Task Force (FATF).
The Financial Action Task Force (FATF) international crime watchdog on Friday added Kenya and Namibia to its 'grey list' of countries that need increased monitoring, due to inadequate curbs against money laundering and terrorism financing.
The removal of the UAE from the FATF grey list opens up investment opportunities for UAE investors in India. It strengthens FDI inflows, reduces KYC requirements for FPIs, clarifies investment acceptance for domestic AIFs, and benefits start-ups in accessing venture debt from UAE lenders.
International Business News: Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday that it had removed the United Arab Emirates from its "grey l
Being on the watchdog s gray list can scare away investors and creditors, hurting exports, output and consumption. It also can make global banks wary of doing business with a country.