Getting off FATF grey list: Dubai’s already-thriving real estate sector set for boost
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Business Recorder
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Last month, the UAE was taken off the Financial Action Task Force (FATF) grey list after nearly two years, which means it is no longer under increased monitoring, and experts believe that Dubai’s booming real estate market is likely to get another boost.
Farooq Syed, CEO of Springfield Properties, noted that “this achievement was possible through a collaborative effort involving various government departments and local entities, demonstrating the nation’s commitment to combating financial crime and promoting a secure investment environment.”
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Business Recorder
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