United Arab Emirates: White Collar Crime, Anti-Corruption & Fraud

The UAE has introduced two new oversight bodies to enhance its anti-money laundering (AML) and counter-terrorism financing efforts, aiming to strengthen financial crime prevention and align with international standards, improving its global standing.

On Sunday 11th August, 2024, the UAE introduced a new Federal Decree-Law to amend provisions of the existing law on anti-money laundering.

Electronic fraud is one of the new forms of cybercrime that has widely spread recently and has become a threat to many members of society, especially after the increasing use of modern technology in the fields of communications, management, banking, and finance, which constitute a fertile environment for the organized work of electronic criminal gangs.