Prosecutors allege that Sarkozy’s party, then known as the UMP, splurged nearly double the 22.5 million euros ($27 million) permitted under electoral law on extravagant campaign rallies, and then used a friendly public relations agency to hide the cost.
CBUAE’s examination findings revealed that the exchange house had a weak compliance framework to prevent money laundering and financing of terrorism.
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
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.
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.