UAE tackles 521 money laundering cases in 2 years

WAM

Over the past two years, the UAE's Ministry of Interior addressed 521 cases of money laundering and collaborated with international law enforcement agencies to arrest 387 'wanted individuals'.

These combined efforts also led to the confiscation of more than AED 4 billion in illicit funds.

The UAE successfully carried out parallel financial investigations to bust criminal networks and uncover the sources and beneficiaries of these funds.

Lt. General His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior emphasised the UAE's strong stance against crime and the country's focus on societal safety.

He added that the Ministry carries out risk assessments, identifying challenges and anticipating the danger points in order to build control plans with its strategic partners to reduce crimes.

Global Collaborations

"Our actions are guided by collaborative coordination through the Supreme Committee overseeing the national strategy to combat money laundering and terrorism financing, along with all strategic partners and police leaders at the level of the Ministry of Interior," said Lt. Gen. Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police.

"The concerted efforts spanning from November 2022 to February 2023 led to the exchange of 1,628 instances of intelligence information with international collaborators. These collaborations encompass various communication channels, including INTERPOL, Europol, the Gulf Police Authority, AMON International Network, and liaison officers," he added.

Al Marri also highlighted the ministry's efforts to improve the skills of local talent through various courses, including an international diploma that specializes in combating money laundering and financial crimes, which was launched in cooperation with the United Nations Office on Drugs and Crime. 

Several memorandums of understanding have also been signed with global counterparts in the field of law enforcement.

 

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