Senior #UAE judges outline action taken to tighten anti-money laundering controls

Senior UAE judges outline action taken to tighten anti-money laundering controls

Senior judges in Abu Dhabi have spoken about the UAE’s efforts to fight money laundering and ensure protection to all from financial crime.

Mansour Al Marzouqi, chief justice of the Abu Dhabi Criminal Court, said reinforcing anti-money laundering mechanisms was an important step and part of efforts to strengthen controls in the fight against such crimes.

He spoke during a seminar organised by the Abu Dhabi judicial department, reported Wam, the state news agency.

The online conference follows swift action taken by law enforcement in the Emirates to combat financial crime.

There have been several high-profile arrests made recently by UAE authorities including Dubai Police arresting South African brothers Atul and Rajesh Gupta for allegedly looting billions from state-owned companies.

Police also arrested Sanjay Shah, a hedge fund trader in a $1.7 billion tax fraud case last month.

The meeting in Abu Dhabi focused on the strategies in place to tackle money laundering, terrorism financing and the obligations of legal professionals and officers of the court.