Each of the four defendants has been handed a five-year imprisonment term followed by deportation and a fine of Dhs10m
The issuance of the violations and fines list supports the UAE’s efforts in combating money laundering crimes and financing of terrorism
The two men, who have not been named, reportedly took advantage of their position in the company and misused public funds
The accused, also involved in drug trafficking, were found guilty of using exchange houses to transfer illegal funds to Pakistan
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
The suspects are alleged to have committed crimes including money-laundering, hacking, scamming individuals, banking fraud and identity theft
The bank had agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators announced on Tuesday
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