Involvement of individuals and institutions

15 million dirhams in fines and prison sentences in 3 money laundering cases

• Ismail Madani: “Combating money laundering crimes is a primary priority for the state, and it does not compromise in tracking down perpetrators and subjecting them to prompt justice.”

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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 UAE’s approach to 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 be subject to the penalties stipulated by law, and in accordance with the regulations in force in the country and standards international law in the same regard.

The First Public Prosecutor and Head of Public Funds Prosecution in Dubai, Counselor Ismail Ali Madani, explained that efforts to track and monitor money laundering crimes resulted in convictions and imprisonment for total periods of about nine years and a fine that in total exceeded 15 million dirhams, and the confiscation of more than 300,000 dirhams within Crimes involving natural and legal persons.

He said that the law's watchful eye on preserving the nation's capabilities will always remain a protective shield that preserves the security of the UAE society 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 the most attention to, stressing that the Public Funds Prosecution is keen to activate more 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 had committed a money laundering crime, in addition to a fine of approximately 14 million and 760 thousand dirhams, after the accused transferred, used and concealed the truth of financial proceeds, their location and method of disposal, which are the same amounts that were fined, and collected From the crime of a public official’s appropriation of public money, as those 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 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 wanted to make a bank transfer of 2.5 million dirhams from her account in the country to the account of a company outside the country owned by the third accused, as the two employees took advantage of the nature of their work and the powers granted to them. In the bank for forging and using official and unofficial papers, signing and stamping them, and carrying out the procedures followed in all 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 as part of the Funds Prosecution’s ongoing efforts to combat money laundering and terrorist financing, the Dubai Misdemeanor Court sentenced the first accused in absentia and in his presence to three accused, to six months in prison for the accusation of fraud, one year in prison for money laundering, and confiscation Any money owned by the three defendants jointly and the value of which is 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.

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