Dubai continues to address money laundering crimes and imposes fines of more than 15 million dirhams among three crimes

The Public Funds Prosecution in Dubai confirmed the emirate’s continuation of its unremitting efforts in the field of combating money crimes in general, and money laundering crime in particular, in cooperation with strategic partners from law enforcement agencies and relevant authorities at the local and federal levels, as well as permanent coordination at the international level, in compliance with the The approach of the UAE in responding firmly and forcefully to crimes in all its forms, especially this type of crime, with its grave negative repercussions on society, by monitoring its perpetrators and bringing them to court to subject them to the penalties stipulated by law, and in accordance with the regulations in force in the country and standards international standards in this regard.

Counselor Ismail Ali Madani, lawyer, first year and head of the Public Funds Prosecution in Dubai, explained that efforts to track and monitor money laundering crimes resulted in convictions and imprisonment for total terms of about 9 years and a fine that exceeded 15 million dirhams in total, and the confiscation of more than 300,000 dirhams. Among the crimes involving natural and legal persons.

He expressed his appreciation for the efforts of all law enforcement agencies and the results of those efforts in controlling such crimes, which the UAE puts under the microscope and spares no effort to track those involved because of their negative repercussions on national economic interests as well as the interests of individuals and institutions affected by such crimes that mobilize The Public Funds Prosecution and law enforcement agencies have all their capabilities to confront and besiege them to combat and eliminate them.  

The head of the Public Funds Prosecution said that the watchful eye of the law on preserving the nation's capabilities will always remain a protective shield that preserves the security of the UAE community and protects the interests of its members at all times, while the task of tracking and combating financial crimes remains one of the most important tasks that the state attaches to the most attention, stressing his happiness that the Public Funds Prosecution The public is keen to activate the most efficient coordination frameworks with the various stakeholders concerned in this regard at the internal and international levels, and within an integrated work strategy that ensures the highest levels of success in tracking and monitoring the perpetrators of these crimes and then inflicting appropriate penalties in accordance with the rule of law.

The Dubai Criminal Court issued a three-year prison sentence for a person who committed a money laundering crime, in addition to a fine of approximately 14 million and 760 thousand dirhams, after the accused transferred and used and concealed the truth of financial proceeds, their location and method of disposal, which are the same amounts that were fined. The proceeds of the crime of appropriating public money by a public official, as these sums were used to purchase real estate units, distinctive car number plates, and vehicles, with the intent of concealing and disguising their illegal source, in addition to concealing the truth of the rest of the proceeds, their location and the manner of disposing of them.

In another case, the Dubai Criminal Court ruled to imprison four defendants for periods ranging from three months to three years, expel them from the state and pay a fine equivalent to 210,000 dirhams, in addition to punishing the company of the fifth accused as a legal person, by fining it 300,000 dirhams. After the defendants seized 2.5 million dirhams belonging to a foreign woman.

The details of the incident include the claim of two of the accused working in a local bank in the country, that one of the bank’s clients wants to make a bank transfer of 2.5 million dirhams from her account in the state to the account of a company outside the state owned by the third suspect, as the two employees took advantage of the nature of their work and the powers granted to them. In the bank for forgery, using official and unofficial papers, signing and stamping them, and carrying out all the procedures followed in banks, while omitting some of them in order to be able to embezzle the mentioned amount.

Following the incident, the Public Prosecution instructed to punish the accused for the felony of embezzling funds found in his possession because of his position, with willful harm to the interests of the entity he works for, and the money of others, and forgery of official documents, and their unlawful use, as well as the use of the seal of an institution (legal entity). Unjustly, what would harm a public and private interest. The prosecution also charged the four defendants with the misdemeanor of using an unofficial editor's photo and money laundering, in addition to the fifth defendant in the same case.

As part of a third case, and in the context of the Funds Prosecution’s ongoing efforts to combat money laundering and terrorist financing, the Dubai Misdemeanors Court ruled in absentia for the first accused and in the presence of three accused to imprisonment for six months for the accusation of fraud, one year in prison for the charge of money laundering, and confiscation of any funds It is jointly owned by the three defendants and its value is equivalent to 96,000 dirhams, with their deportation from the state and the acquittal of three other people in the same case. The judicial ruling comes after the Public Prosecution investigated six defendants who defrauded a woman and stole movable funds, which amounted to 96,000 dirhams, belonging to the woman affected by this incident.

Counselor Ismail Madani noted that concerted efforts between the concerned authorities contributed to accessing evidence and taking all necessary measures to ensure the speedy completion of investigations, taking into account the highest levels of accuracy, in order to achieve prompt justice by issuing deterrent judicial rulings in accordance with the applicable laws, stressing his happiness that the cooperation The model between the various parties concerned with combating money laundering, fraud and other financial crimes, represents a cornerstone and an essential pillar for the success of the UAE’s efforts in addressing this type of crime, which falls under Federal Law No. 20 of 2018, regarding confronting money laundering and combating financing crimes. Terrorism, the financing of illegal organizations and its amendments, and any other crimes related to this field.

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