UAE Addresses 521 Money Laundering Cases in 2-Year Span
- Publish date: Tuesday، 15 August 2023 | Last update: Tuesday، 10 December 2024
- Related articles
- UAE to Open Prosecution Offices for Money Laundering
- Details About South Africa's Gupta Brothers
- Dubai Bank Fined AED 11M for Inadequate Anti-Money Laundering Systems
The UAE's Ministry of Interior has tackled 521 cases of money laundering over the previous two years and has worked with international law enforcement agencies to apprehend 387 "wanted offenders."
Read More: Dubai Police Arrests Cyber-Beggar
Read More: UAE Arrests INTERPOL Wanted Migrant Smuggler
Over AED 4 billion in illicit earnings were also seized as a result of these coordinated activities.
Parallel financial investigations were successfully conducted by the UAE to dismantle illegal enterprises and identify the sources and users of these funds.
The UAE's strong stance against crime and the nation's priority on societal safety was emphasized by Lt. General His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior.
The Ministry conducts risk assessments, identifying obstacles and foreseeing danger zones, he continued, in order to develop control strategies with its strategic partners to lower crime.