Jonathan Fisher KC warns of risks in UAE’s Fight Against Money Laundering

In a detailed analysis writing for Solicitors Journal, Jonathan Fisher KC has highlighted significant concerns regarding the UAE’s vulnerability to money laundering, emphasising the importance of maintaining stringent anti-money laundering (AML) practices to avoid being placed back on the Financial Action Task Force (FATF) grey list. With an influx of private investments, particularly from Eastern Europe and Asia, the UAE faces new challenges in ensuring that capital inflows are legitimate and transparent.

Jonathan comments: “As the UAE strives to strike a balance between the desire to attract foreign investment and a strong commitment to transparency and regulation, the challenge is great. The UAE can avoid returning to the FATF grey list, but only if they continue to manage capital flows, with rigorous regulatory oversight and robust enforcement.”

Key Points from Jonathan Fisher KC’s analysis include examining:

• Increased Investment Post-2022
• Real Estate Risks
• European and NGO Concerns
• Diverse Sources of Risk
• Maintaining Oversight

See article here: [Solicitors Journal ]

Jonathan is a leading King’s Counsel in Financial Crime, Proceeds of Crime, Fraud (Civil and Criminal), and Tax (Corporate and VAT) cases. Additionally, he holds a PhD from LSE where he teaches LLM students as a Visiting Professor in Practice: [Jonathan Fisher KC Profile]