Ministry of Justice is creating special federal money laundering courts

On Nov 30, 2020

UAE Minister of Justice Sultan bin Saeed Al Badi Al Dhaheri has given ministerial decisions to set up specialist money laundering courts in the courts of Sharjah, Ajman, Umm Al Quwain, and Fujairah to prosecute money laundering cases in the federal judiciary.

In order to prosecute these crimes, the Emirates News Agency (WAM) said on Sunday the following. “The move involved the creation of individual, college and appeals divisions in each judicial office.”

Exterminating money laundering crimes soon

This decision is part of the ministry’s path to help the specialist judiciary. It reflects favorably on the efficiency and accuracy of judicial decisions in the region.

Furthermore the development of specialist courts to prosecute money laundering cases increases the efforts and efficacy of the state in facing money laundering crimes.

A proposal to set up a court to hear the laundering crimes in Abu Dhabi was released earlier this month by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister.

ADJD Deputy Secretary Youssef Saeed Al Abri said the department will arrange training programs. Programs for judges and public prosecutors specialized in money laundering and tax evasion.

“The establishment of a court will also support the efforts of the UAE to combat such crimes. Also to prosecute perpetrators by undertaking a series of steps and procedures. In coordination with the competent authorities and in the light of an updated legislative infrastructure. This will strengthen the competitiveness of the country both regionally and internationally”. Al Abri said.

The UAE passed a new law in 2018 to tackle money issues and the funding of terrorism. A committee, chaired by the Governor of the Central Bank, was then formed to recognize and assess the risks and effectiveness of efforts. The efforts to curb the laundering and terrorist financing within financial institutions.

The National Committee on Countering Money Laundering and the Funding of Terrorism and Criminal Groups, headed by the Governor of the Central Bank of the UAE, has taken a variety of steps to reduce financial offences. This is in accordance with the Financial Action Task Force’s (FATF) guidelines.