Dubai Eye 103.8

On Air Now
The Business Breakfast
6:00am - 10:00am

Listen To Dubai Eye

Convicted money-launderer ordered to pay AED 5 million fine

Thursday, 11 August 2022 05:21

By ARN News Staff

WAM

An Abu Dhabi Court has ordered an American lawyer convicted of money-laundering to pay a fine of AED 5 million.

The Abu Dhabi Money Laundering and Tax Evasion Court ruled Asim Abdul Rahman Ghafoor will be deported following payment of the fine.

The court overturned his previous sentence of three years imprisonment and a three million dirham penalty.

The US citizen had been found guilty of tax evasion and laundering money using international transfers through the UAE financial system, following a request from US authorities for help in their investigation.

The US also requested an examination of the accused's bank accounts through which he received transfers of the funds.

The Public Prosecution in Abu Dhabi's investigation found a money laundering crime had been committed by the accused, making international money transfers without proving their source.

The funds linked to the crime have been confiscated.

Abu Dhabi Money Laundering Court convicts Asim Abdul Rahman Ghafoor for money laundering#WamNews https://t.co/xk3YkoQ1lT
— WAM English (@WAMNEWS_ENG) August 10, 2022

More from Local

Dubai strengthens school transport safety ahead of new academic year

Dubai’s Roads and Transport Authority (RTA) is stepping up preparations for the new academic year, with student safety and reliable school transport at the centre of its plans.
Sharjah Ruler approves more than 4,400 student scholarships

His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved 4,434 scholarships for Emirati students at eight higher education institutions in the Emirate.
Abu Dhabi steps up drive against abandoned vehicles, boats

Authorities in Abu Dhabi are reminding residents, visitors and commercial operators not to leave vehicles or boats abandoned in public spaces.
Twenty five judges take the oath in Sharjah

Six judges of the Court of Cassation and 19 senior appeal judges took their oath before His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, on Monday.
UAE to train more than 24,000 educators ahead of new academic year

More than 24,000 school leaders, teachers, advisors and support staff will undergo a five-day training workshop ahead of the new academic year.

Coming Up on Dubai Eye

The Agenda
10:00am - 1:00pm

Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
Afternoons with Helen Farmer
1:00pm - 4:00pm

Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!