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.