UAE placed on money-laundering grey list, promises 'robust' response

Burj Khalifa in the Arab Emirates

Burj Khalifa in the United Arab Emirates, which is the tallest building in the world. UAE is seeking to tap into the financial muscle of rich Africans and other investors around the world. PHOTO | POOL

What you need to know:

  • The wealthy Gulf state, which includes the freewheeling trade-to-tourism hub Dubai, was named on the Paris-based Financial Action Task Force's 23-strong list on Friday, joining the likes of Yemen, Syria and South Sudan.