Dubai announces public platform to report economic crimes
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Dubai announces public platform to report economic crimes

Dubai announces public platform to report economic crimes

The new platform will aid in the reporting of economic crimes such as money laundering, bribery, forgery and embezzlement

Gulf Business
ECONOMIC CRIMES PLATFORM

Dubai authorities have launched a public platform to enable the public to report economic crimes, reported state news agency WAM.

The move is aimed at enhancing community engagement in flagging such crimes, given their negative implications on the wider community, the business sector in general and the national economy as a whole, the Government of Dubai Media Office said on Tuesday.

Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, chairman of the Dubai Border Security Council, commended efforts to bolster security systems to safeguard the economies of Dubai and the UAE and highlighted the importance of increased community involvement in protecting the national economy.

He also emphasised the significance of constant preparedness to address challenges that may impede efforts to harness the benefits of the Fourth Industrial Revolution and digital transformation. He highlighted Dubai’s commitment to remove all potential disruptions to growth and development.

He further said Dubai seeks to maintain the highest standards and international best practices related to economic security, consistent with its status as a global business and financial hub. This commitment, he added, ensures the highest level of protection for Dubai’s unique development model that has created an environment that promotes business growth and robust public-private partnerships.

Economic crimes platform

The new platform to report economic crimes, which is part of the Economic Security Center of Dubai, seeks to “boost community engagement and interaction among citizens, residents or visitors”.

It also serves as an “additional channel to report economic crimes including money laundering, terror funding, bribery, forgery and embezzlement”.

Those flagging such crimes are required to furnish evidence pointing to the violations, if such details are known to them.

In the interest of due legal process, members of the public should steer clear of any investigations of their own to collate evidence, since this responsibility is vested solely in authorised entities tasked with following up incidents reported to the agencies, added the WAM report.

The confidentiality of all those stepping forward to report such offences would be ensured to encourage wholehearted public participation.

The launch of the platform is aligned with the government’s efforts to provide services aligned with the goal of the Dubai Economic Agenda (D33) to cement the city’s position as one of the world’s top economic hubs.

The Economic Security Center of Dubai was established in 2016 to strengthen the emirate’s legal and economic security framework and combat corruption and economic crimes.

Also read: Finding the right balance: Virtual assets regulation in the UAE

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