UAE authorities pursuing 'hundreds of cases' in financial crime crackdown
A task force set up to crack down on money laundering and terrorist financing says hundreds of cases are actively being pursed by UAE prosecutors.
The Executive Office for Anti-Money Laundering and Counter Terrorism Finance released details of recent prosecutions and deportations of suspects.
In 2021, the authorities confiscated more than Dh2 billion, including Dh1.1 billion in money laundering offences, a statement from the office said.
“We have been co-operating and contributing to the global fight against financial crime for several years now. We have a highly effective system of identifying and preventing terrorist and other criminal activities, in co-operation with our international partners,” said Hamid Al Zaabi, Director General of the Executive Office for AML/CFT.
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