Lawyers’ Guide on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations(2021)-UAE

Home › Forums › Civil Law Discourse › Lawyers’ Guide on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations(2021)-UAE

Tagged: ,

Log In Register Lost Password
Viewing 1 reply thread
  • Author
    Posts
    • 01/11/2022 at 08:18 #118689
      advtanmoy
      Keymaster

      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.

      [See the full post at: Lawyers’ Guide on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations(2021)-UAE]

    • 01/11/2022 at 08:27 #118690
      advtanmoy
      Keymaster

      Once the violation by Lawyers is established in UAE, a reasoned decision shall be issued

      UAE LAW

      Undersecretary to impose any of the following administrative sanctions on the offender:

      a. Warning
      b. Administrative fine ranging between AED 50,000 (UAE Dirhams Fifty Thousand)and AED 5,000,000 (UAE Dirhams Five Million) per violation.
      c. Preventing the offender from the exercise of profession in the relevant sector for the term stipulated in the decision.
      d. Limiting the powers of directors whose liability for the violation is established. The
      decision may include an appointment of a temporary controller.
      e. Suspending the director whose liability for the violation is established, for the period specified by the decision or requiring his change, if permitted.
      f. Suspending or limiting the practice of the profession for the period set out in the
      decision.
      g. Cancellation of the license.

  • Author
    Posts
Log In Register Lost Password
Viewing 1 reply thread
  • You must be logged in to reply to this topic.

  • A judge is the pillar of entire justice system and public has a right to demand virtually irreproachable conduct from a judge (SC-10/12/2019) - A person discharging judicial duties acts on behalf of the State in discharge of its sovereign functions. Dispensation of justice is not only an onerous duty but has been considered as akin to discharge of a pious duty, and therefore, is a very serious matter. The standards of probity, conduct, integrity that may be relevant for discharge of duties by a careerist in another job cannot be the same for a judicial officer. A judge holds the office of a public trust. Impeccable integrity, unimpeachable independence with moral values embodied to the core are absolute imperatives which brooks no compromise. A judge is the pillar of the entire justice system and the public has a right to demand virtually irreproachable conduct from anyone performing a judicial function. Judges must strive for the highest standards of integrity in both their professional and personal lives.
  • A daughter has no right u/s 14 of Hindu Succession Act of her father’s property if it is occupied by her brother through adverse possession (SC-28/08/2023) - A Hindu daughter has no right u/s 14 of Hindu Succession Act on the property of her father if it is occupied by her brother through adverse possession (SC-28/08/2023)- [See Pritam Singh v. State, AIR (1950) SC 169: (1950) SCR 453, Hem Raj v. State of Ajmer AIR (1954) SC 462: (1954) SCR 1133, Bengal Chemical & Pharmaceutical Works Ltd. v. Employees, AIR (1959) SC 633: 1959 Supp (2) SCR 136: (1959) 1 LLJ 413, Municipal Board, Pratabgarh and Anr. v. Mahendra Singh Chawla and Ors. (1982) 3 SCC 331: (1983) SCC (L&S) 19, Taherakhatoon (dead) by LRs v. Salambin Mohammad (1999) 2 SCC 635]

Jurisprudence

Recent Updates