Reply To: Amending Penal Code (Decree Law No. (15) of 2020)-UAE

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advtanmoy
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Anti Money Laundering and Terrorist Financing

 Money Laundering deals with the criminal proceeds with the aim of concealing or disguising their illicit origin. When a criminal activity generates large proceeds, the paramount concern to the perpetrator of these activities is to find a way to control funds and profits, without calling attention to his activities. Criminals do this by disguising the true origin, changing the form of, or transferring money to places where it is less likely to attract attention. 

  • Federal Decree by Law No. (20) of 2018 on Anti Money Laundering and Combating the Financing of Terrorism
  • Cabinet Decision 10 of 2019 regarding the executive regulations for crimes of money laundering and terrorist financing
  • Cabinet Decision No. (74) of 2020 regarding the terrorist list system and the implementation of Security Council resolutions related to preventing and suppressing terrorism and its financing
  • Ministerial Decision No. (532) of 2019 regarding the establishment of the Anti-Money Laundering Department 2019
  • Guidelines for lawyers on countering money laundering crimes and combating terrorist financing
  • Anti-money laundering & countering terrorist financing guidelines