Middle East

United Arab Emirates is at risk of being on the global financial watchlist rather than money laundering-DohaNews

Gulf countries have adjusted some Anti-Qatar Millions of people have been campaigned in recent years To process..

The United Arab Emirates According to Bloomberg, it may soon be on the list of the Financial Action Task Force (FATF) of countries that are subject to more oversight of shortcomings in the fight against money laundering and terrorist financing.

A US-based media company said financial watchdogs are considering adding the UAE to the “gray list” in 2022. This indicates that the country has “strategic flaws,” according to people familiar with the matter.

This is because Abu Dhabi was unable to control illegal transactions because it rushed through regulations on money laundering and financing. It also follows numerous scandals and public relations campaigns, including attempts by the United Arab Emirates to wield Qatar as a “terrorist funder.”

If the FATF approves this classification, it could be one of the most important decisions in the 30-year history of the Paris-based group, especially in the light of the Gulf countries’ position as a major financial hub in the Middle East. There is sex.

Currently, 23 countries are included in the “Graylist” countries, including Albania, Syria and South Sudan. Its second and most risky category, the “blacklist,” includes only two countries, Iran and North Korea.

“It definitely costs money to be on the greylist,” said Catherine, a former Treasury official who led the U.S. delegation to the FATF-modeled regional organization, the Task Force on Financial Activities in the Middle East and North Africa. Bauer said.

Bauer, a fellow at the Washington Institute for Near East Policy, told Bloomberg, “Many global regulators say that banks and financial institutions have due diligence measures associated with risk assessment of their counterparts in FATF lists. We want you to consider it even if you don’t revise it. ” ‘

Fake Qatar 2022 “Hosting Fans” condition for ongoing UAE-linked anti-Qatar campaign

In November, the UAE submitted a report to the FATF, but its content was not sufficient to ensure exclusion from the greylist. With the FATF’s decision scheduled for late February, the Gulf countries still have the time and opportunity to insist on financial watchdogs.

“We take this very seriously and we work with highly skilled and experienced professionals who have a proven track record of meeting the highest international practices and standards,” said UAE Money Laundering Prevention and Hamid Al Zaabi, Secretary-General for Counterterrorism, said. Financing said in a statement to Bloomberg News.

United Arab Emirates anti-Qatar slander campaign

In recent years, the UAE has led several promotional campaigns against Qatar. This includes attempts to denounce Qatar as an exciting terrorist attack.

Most recently, the Federation of African Journalists (FAJ), a member of the Pan-African Organization, is believed to have been made by the UAE manipulating African journalists to participate in a campaign against Qatar’s ability to host the 2022 FIFA World Cup. Blame.

The signatories of the statement condemned the UAE’s suspicious moves, attempted to rally African journalists for the World Cup in Qatar, and manipulated press to inaccurately report on the events of the Gulf countries. did.

Read again: GCC Crisis: Where does Qatar stand with the former blockade quartet?

In another case, Israeli ambassador to the United Arab Emirates, Mahmood al-Kaja, attacked Qatar’s main broadcaster, Al Jazeera, while visiting the chief of the right-wing Israeli movement calling for ethnic cleansing of Palestinians. ..

He accused Al Jazeera of shifting the story of what happened in apartheid and not reflecting the truth. Comments were made just weeks after Al Jazeera’s office in the Gaza Strip was leveled by Israeli airstrikes during an 11-day bombing campaign in the besieged Gaza Strip.

A Doha News A survey released last year revealed a similar ominous manipulation campaign. All of these campaigns were conducted through suspicious bots and public figures in some of the GCC’s former closed nations, including the UAE.

One of the hashtags analyzed as part of the exposition was #Qatar_Revolts, which tried to exaggerate a small demonstration initiated by a tribal member protesting the exclusion of some Qatari in the Shura council elections. did.

The survey surveyed nearly 100,000 tweets and identified highly active users who created thousands of tweets featuring a particular hashtag during an unusual period of time. All of these are trying to foster public dissatisfaction with the Qatari government.

in the meantime Doha News No doubt it was possible to determine who was deploying the fake bot. Other reports and experts on the authoritarian regime of the Arab world have used this tool to further manage their citizens and extend social media to the vastness of existing ones. And the ever-evolving oppressive global security device.

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https://www.dohanews.co/uae-risks-inclusion-on-global-financial-watchlist-over-money-laundering/?utm_source=rss&utm_medium=rss&utm_campaign=uae-risks-inclusion-on-global-financial-watchlist-over-money-laundering United Arab Emirates is at risk of being on the global financial watchlist rather than money laundering-DohaNews

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