"Combating Money Laundering Crimes: International and National Perspectives in the United Arab Emirates"

Abstract

The fight against money laundering crimes has received international and local attention in the country, due to the seriousness of the crime on the international and internal community, which undoubtedly has many negative effects in economic, social and political terms, and among the effects of money laundering crimes is the increase in crimes and corruption, threatening economic stability and weakening financial institutions. Through regulatory and legislative applications, we find the tireless efforts of the state in strengthening the legislative and regulatory system in combating money laundering crimes and the prominent role of the state at the international and national levels, and the UAE legislator has clarified that anyone who was aware that the funds were obtained from a felony or misdemeanor and deliberately transferred or transferred the proceeds or conducted any operation with the intention of concealing or disguising their illegal source, or concealed or disguised the truth of the proceeds, or their source, is considered a perpetrator of the crime of money laundering. or its place, manner of disposal, movement, ownership or rights thereof, or acquired, possessed or used the proceeds upon receipt, or assisted the perpetrator of the predicate crime to escape punishment.