iPhone | iPad
Android
Huawei
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026
KT APPDOWNLOAD
UAE's new measures to combat money laundering
Abu Dhabi - Special courts and committees to investigate and handle money laundering cases in the Northern Emirates.
In an effort to combat money laundering crimes in the UAE, the Ministry of Justice has introduced a set of new measures and guidelines. These include establishing special courts and committees to investigate and handle money laundering cases in the Northern Emirates.
DON'T MISS:
UAE money laundering: Top executives jailed; ordered to return Dh8 billion
11 UAE banks fined Dh45 million for breaking anti-money laundering rules
Dr Tariq Ahmed Al Rashed, Attorney-General of Ajman Public Prosecution and member of the National Committee for Combating Money Laundering and the Financing of Terrorism and Illegal Organisations, said: “Among the tangible steps taken by the ministry in the recent period is the issuance of ministerial decisions by Sultan Bin Saeed Al Badi, Minister for Justice, to establish special courts to look into money laundering crimes in ... Sharjah, Ajman, Umm Al Quwain and Fujairah; and to establish a specialist committee to manage frozen and confiscated assets."
Dr Tariq, who is also chairman of the Committee for inspection and Follow-up of Money Laundering Cases at the Office of the Attorney General, said the Ministry of Justice is working to enhance the effectiveness of investigations and trials in money laundering cases as well as international judicial cooperation.
This came as he presided over a training course on the effectiveness of trials in money laundering criminal cases.
He noted that Counsel Dr. Hamad Saif Al Shamsi, State Attorney-General, had earlier issued a resolution to establish a committee of 22 prosecutors to examine and follow up on money laundering cases.
Guidelines for judges and public prosecutors on such cases were also issued.
In a major action taken in October 2020, the Ministry of Justice had suspended the licences of 200 law firms in the UAE for one month for not following prescribed procedures to combat money laundering. The ministry said it had also taken legal action against non-compliant lawyers.
Authorities from the ministry said the penalties against the law firms included administrative fines ranging from Dh50,000 to Dh5 million.
ismail@khaleejtimes.com
More news from
The project’s aim is to generate funds for Harmony House, an orphanage located in India's Gurgaon
Earlier, the Emergency, Crisis and Disaster Management confirmed the reopening of all roads in the emirate
His case was considered a milestone for #MeToo, in which women accused hundreds in entertainment, media, politics and other fields of sexual misconduct
Well-known communication expert Maha Abouelenein on what it takes to thrive in the age of social media
From cultural events, and culinary delights to outdoor adventures, here's a line-up of thrilling activities to make your weekend exciting
'The rom-com garnered $219 million worldwide after its premiere in December
The guitar will be auctioned on May 29 at the Hard Rock Cafe in New York
