News
UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators
01 Nov 2021

– UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators

– UAE extends strong support for global efforts to combat money laundering crimes in compliance with the standards of the International Financial Action Task Force

– Counselor Ismail Ali Madani: “Unifying the roles of the competent government agencies and enhancing cooperation among them supports the state’s efforts to address money laundering crimes.”

– Prison sentences and fines issued against 20 defendants and seven legal companies

– Total money confiscated exceeds AED22.6 million while fines surpass AED60 million

Read more at DUBAI MEDIA OFFICE

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