Kuwait placed under FATF Increased Monitoring (Grey List)
On 13 February 2026, the Financial Action Task Force (FATF) placed Kuwait and Papua New Guinea under Increased Monitoring (the…
UAE offers VAT refund for tourists shopping online
The UAE is launching a new value-added tax refund system for e-commerce purchases made by tourists during their stay in…
The EU Removes UAE from High-Risk Money Laundering List
Effective 5 August 2025 (20 days after publication in the EU Official Journal), the European Union has finally removed the…
The UAE adopts a new anti-money laundering Law
On 30 September, the United Arab Emirates (UAE) adopted a new anti-money laundering (AML) law (Federal Decree-Law No. 10 of 2025), which, replaces the…