UAE determined to weed out money laundering | GulfNews.com:
"The UAE Federal National Council’s iron will to exterminate money laundering from the country has led to the drafting of a legislation with razor-sharp teeth. All violators — individuals, financial institutions or trading and businesses — will be dealt with zero tolerance. Money laundering damages a country’s economy by chipping away at all its building blocks — from capital resources, interest rates, currency value, foreign investment and gross domestic product growth, to stunting entrepreneurial growth and leading to imprudent governmental adjustments of fiscal policies due to the artificial market demands created by launderers."
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