Watchdog calls on UAE to improve to eliminate money laundering

The FATF has found that there is a high risk that criminals will try to launder money or finance ‘terrorism’ through the UAE.

An international watchdog has warned that the United Arab Emirates is not doing enough to crack down on money laundering and “terrorist financing”.

The Paris-based Financial Action Task Force (FATF) says the UAE could find itself on a watchlist along with countries like Syria and Yemen unless it improves.

Al Jazeera’s Bernard Smith reports.