Dubai Courts establishes a specialized money laundering court to combat financial crime
Dubai Courts announced the establishment of a specialized money laundering court in both the Criminal Court of First Instance and the Court of Appeal, as part of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, regarding the establishment of the Executive Office for Combating Money Laundering. and the financing of terrorism, and in implementation of the general framework of the national strategy to combat money laundering crimes.
This comes on the basis of a proposal from the Supreme Committee for Supervising the National Strategy to Counter Money Laundering and Terrorist Financing, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and in order to achieve the effectiveness of the judicial system in enhancing the international competitiveness of the United Arab Emirates and the Emirate of Dubai in consolidating the foundations of Prompt justice, which is characterized by accuracy and speed, and upholding the values of justice, independence and transparency in combating various forms of modern crime, including money laundering operations.
On this occasion, Director General of Dubai Courts, Tarish Al Mansouri, stressed that the establishment of a specialized money laundering court in Dubai Courts embodies the commitment and keenness of Dubai Courts to support the trend towards specialization in judicial work, to raise the level of performance and achieve leadership and excellence by expanding the establishment of specialized courts that have a wide mandate To assist all stakeholders to enhance their efficiency and effectiveness in implementing the National Action Plan and achieving its objectives, by enabling and better preparing for building a strong and sustainable structure for combating money laundering and terrorist financing.
Director General of Dubai Courts, Tarish Al Mansouri, said, "In addition to the enhanced efforts made by the UAE to combat financial crime, society, in all its categories, also bears the responsibility to protect economic and social security, as reporting money laundering crimes is an individual and collective duty at the same time, in addition to It constitutes a real contribution to strengthening the capacity of the various stakeholders to confront these crimes more effectively."
A well-developed legislative and judicial system
For his part, c. explained that the establishment of a specialized court for money laundering crimes enhances the effective efforts of the state to confront these crimes and ensure that the perpetrators are prosecuted and brought to justice, by taking many steps and procedures in coordination and integration with the various concerned authorities, from the perspective of developing the legislative and legal structure of the state due to its An important role in ensuring continuous adherence to international standards related to combating money laundering crimes and ensuring that perpetrators are prosecuted and brought to justice, in light of an advanced legislative and judicial system that keeps pace with all developments and developments, which contributes to enhancing the competitive position of the state regionally and globally.
The President of the Criminal Court of the Dubai Courts, Judge Dr. Abdullah Al Shamsi added, “Confronting money laundering and combating the financing of terrorism are among the priorities and concerns of the UAE government. Therefore, in Dubai Courts, we strive to improve the efficiency and effectiveness of the institutional framework to confront money laundering crimes, through Verifying continuous compliance with relevant international standards, speeding up the trial and realizing the accused’s right of defense, giving him close deadlines in hearing the case, and responding to the accused’s defense evidence that he presents in a legal response, in order to issue a punishment consistent with the crime committed by the accused.
Institutional framework for combating money laundering
In turn, the judge of the Criminal Court of the Dubai Courts, Judge Dr. Saeed Al Shaali, said, "The United Arab Emirates combats money laundering crimes through its police agencies and customs outlets, and then delivers those involved to the Public Prosecution, so that these cases are investigated. The entire case is referred to the court, which, after providing all fair trial guarantees, implements the law in order to achieve private deterrence and public deterrence.
Fighting financial crime
The file of confronting money laundering and combating the financing of terrorism is among the priorities and concerns of the government of the United Arab Emirates, and in this context, a Cabinet decision was issued under the chairmanship of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish the office Executive Committee to Combat Money Laundering and Terrorism Financing, to oversee the implementation of the National Strategy to Combat Money Laundering and Terrorist Financing, and the National Action Plan, which aims to strengthen the system for combating financial crimes in the UAE.
The Executive Office undertakes: Improving coordination and cooperation at the local and international levels on issues related to combating money laundering and terrorist financing, whether at the level of policies or operations, and addressing these crimes by working with regional and international groups such as the Anti-Money Laundering and Terrorist Financing Task Force in the Gulf Cooperation Council countries, The Group of Twenty, the Financial Action Task Force (FATF), and intensive information exchange between law enforcement agencies, supervisory and control agencies, and the private sector. The Ministry of Foreign Affairs and International Cooperation regarding the follow-up to the completion of the national strategy to combat money laundering and terrorist financing, and the implementation of the recommendations of the Higher Committee in this regard, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation.
The State also established, as part of its relentless efforts to combat various types of financial crime, the National Committee for Combating Money Laundering and Combating the Financing of Terrorism and Illegal Organizations in 2000 due to its firm commitment to protecting the financial system of the State. , by verifying continued adherence to international standards related to combating money laundering, terrorist financing and illegal organizations.
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