Anti-Financial Crime & Financial Crime Compliance
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AML, Financial Crime

UAE’s AML office seizes over Dh2BN (€550M) in dirty money in 2021

By Elizabeth Hearst for AMLi

The United Arab Emirates task force set up to tackle money laundering in the Gulf has announced it confiscated Dh 2.33 Billion (€550M) as part of their efforts to crack down on FinCrime in 2021. 

The Executive Office of Anti-Money Laundering and Counter Terrorism Financing revealed it had confiscated Dh 1.1 Billion (€265M) linked to money laundering offences in 2021, with Dh 300 Million (€72M) linked to the proceeds of foreign crime. 

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