Dubai police arrest international gang for laundering money

The Anti-Fraud Centre of the General Department of Criminal Investigation at Dubai Police arrested a criminal gang that established fake companies as a front to launder and transfer money obtained through fraudulent financial transactions using stolen credit cards.

Dubai Police explained that the gang relied on registering shell companies with no actual presence in the market, using them to deceive regulatory authorities and banks.

These entities were reportedly used to conduct illegal financial transfers aimed at concealing the source of money and exploiting them unlawfully.

The police added that the operation was the result of meticulous monitoring and continuous surveillance, in collaboration with strategic partners, indicating that the specialised team successfully uncovered the fraudulent methods used, arrested the gangsters, and referred them to the competent judicial authorities.

Dubai Police emphasised that this operation reflects their readiness to combat organised fraud and strengthen the protection of the financial and economic system against illegal practices.

They called on all to enhance awareness and cooperation by reporting any suspicious activities through the "Police Eye" service or the 901 call centre.