#Money Laundering

Gupta Brothers accused of defrauding South Africa arrested in Dubai

The Dubai police made the arrests after receiving a red notice for the Gupta brothers from Interpol

abu dhabi court money laundering

Abu Dhabi: 79 people convicted of fraud, money laundering

The group comprised 72 Chinese nationals, one Jordanian, two Nigerians, two Cameroonians, one Ugandan and one Kenyan

Riyadh

Saudi Arabia convicts 11 people for laundering SAR10bn

An initial verdict has led to the conviction of two Saudi nationals and nine expatriates

gavel

Abu Dhabi court imposes hefty fines, jail terms on 40 people, 8 companies for money laundering

The accused are charged with creating a fraudulent digital platform through which they engaged in illegal economic activities

Abu Dhabi court fines four people, jewellery firm Dhs90m for money laundering, fraud

Each of the four defendants has been handed a five-year imprisonment term followed by deportation and a fine of Dhs10m

UAE’s Ministry of Economy unveils list of violations, fines for money laundering

The issuance of the violations and fines list supports the UAE’s efforts in combating money laundering crimes and financing of terrorism

Abu Dhabi Criminal Court

Two Abu Dhabi execs fined Dhs8bn, jailed for 15 years in money laundering case

The two men, who have not been named, reportedly took advantage of their position in the company and misused public funds

dirhams

Abu Dhabi jails six, slaps fines of Dhs160m on money laundering charges

The accused, also involved in drug trafficking, were found guilty of using exchange houses to transfer illegal funds to Pakistan

Abu-Dhabi

UAE to establish new court to combat money laundering and tax crimes

The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion

Video: Dubai Police nab 12 international cybercriminals in operation ‘Fox Hunt 2’

The suspects are alleged to have committed crimes including money-laundering, hacking, scamming individuals, banking fraud and identity theft

UAE Central Bank Says StanChart Can Face Legal Action

The bank had agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators announced on Tuesday