UAE no longer attractive Investment Hub for " Hot money " Financial Action Task Force (FATF) , a Paris-based global watchdog , has categorised UAE on the FATF 'gray list' endangering its position as a regional financial centre . Now transactions and commercial trade in the seven Emirates of the United Arab Emirates are strictly
It has been highlighted by OCCRP that an audit by Swiss Federal Audit Office revealed that Switzerland is ill-equipped to properly investigate and deter cases of money laundering across multiple economic sectors.One point of vulnerability highlighted was the country’s real estate sector, specifically its land registry, which was noted to be lacking proper surveillance and
As reported by the Organised Crime and Corruption Reporting Project Switzerland is ill-equipped to investigate or deter money laundering, according to an audit by the country's financial authorities. Switzerland's real estate sector, specifically its land registry, is highly vulnerable to proceeds of money laundering and corruption.
