The Anti-Money Laundering Network (AML Network) has issued a formal notice to Vice President Jeremy Weil concerning the February 2024 decision to remove the United Arab Emirates (UAE) from the FATF grey list.
This notice is based on AML Network’s investigative report:
The report highlights serious concerns regarding procedural integrity, transparency, and adherence to FATF standards, including:
- Superficial compliance over real-world effectiveness, such as enforcement actions and verified beneficial ownership.
- Ongoing risks of illicit financial flows through UAE structures, including shell companies and free zone registries.
- Double standards in FATF application, where powerful jurisdictions receive expedited delisting despite limited evidence of genuine AML progress.
The AML Network requests that Vice President Jeremy Weil provide a formal response addressing these concerns.
Deadline for Response:
Responses must be submitted by March 02, 2026. Failure to respond may result in public documentation of the procedural issues identified.
Response Contact:
- Email: [email protected]
The AML Network emphasizes that transparent, evidence-based decision-making is critical for the credibility of global AML oversight.