The Enforcement Directorate opened a LOC against the actor in the Sukesh Chandrasekar case.
The Dubai Public Prosecution referred 18 defendants of different nationalities to the Dubai Misdemeanors Court on charges of laundering $8.4 million (Dhs31 million) between 2014 and 2020 by exploiting three companies.
The UAE Public Prosecution has ordered a gang of nine members to be referred to the court after being found guilty of committing a money-laundering crime using the funds they collected from theft and fraud operations.
Participants discussed the numerous ways in which the UAE is closely coordinating with its international partners to identify, disrupt, and punish criminals and illicit financial networks.
Hessa Buhumaid stated that the law ensures that fundraising and donations reach eligible beneficiaries and achieves the principle of unifying federal and local efforts through coordination between the ministry and competent local authorities known by law as the "competent authority".
Convicts obtained money from theft and fraud operations. They used to issue SIM cards under workers’ names, open bank accounts and obtain ATM cards under their names.
The FIA booked Shahbaz and his sons Hamza and Suleman in November 2021 under sections of the Prevention of Corruption Act and Anti Money Laundering Act, Geo News reported. Suleman is absconding in the UK.
The UAE Public Prosecution (PP), on Monday explained through a post published on its social media accounts about the crime of money laundering.
In addition, the Egyptian Anti-Money Laundering and Terrorist Financing Unit presented ways to advance the national system and significant steps taken by the Arab Republic of Egypt.
“The UAE has initiated investigations into Ghafoor’s activities in 2020 after receiving an official request to this effect from the US Embassy in Abu Dhabi on behalf of the US Department of Justice, US Federal Bureau of Investigation, Criminal Investigation Department, and the Internal Revenue Service,” the embassy said.