Imran tweeted: "Today in Senate the opposition defeated 2 critical FATF-related bills: Anti Money Laundering & ICT Waqf bills. From day one I have maintained that the self-serving interests of the opposition leaders & the country's interests are divergent. As accountability noose has tightened."
Counselor Ismail Madani, Senior Advocate General and Head of Public Funds Prosecution on Saturday affirmed that the Public Prosecution is continuing its unremitting efforts to implement the national strategy to combat money laundering and terrorism financing crimes
The Ministry called on the companies practicing such activities to enhance their awareness and knowledge on the risks of money laundering and keep pace with the government's efforts in this regard.
The Federal Decree No. (20) of 2018 on anti-money laundering and countering the financing of terrorism is a fundamental pillar and contributes to raising the effectiveness of the legal and institutional framework of the nation to achieve desired results, in line with the requirements and recommendations of the Financial Action Task Force (FATF).
An official source in the Oversight and Anti-Corruption Authority stated that the authority, with the cooperation of the Saudi Central Bank, has initiated procedures on the issue.
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.
In the past two years, the UAE's Ministry of Interior has effectively addressed 521 money laundering cases and collaborated with international law enforcement agencies to apprehend 387 individuals wanted globally. These combined efforts have led to confiscations surpassing Dhs4 billion.