The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

UAE busts money laundering network

posted on 26/12/2011: 2471 views

The State Security has foiled a major money laundering crime to smuggle 94,410 kilograms of gold and millions of funds into the country.

The gang were planning to channel the gold into the banking system and then transfer it to a number of Arab and foreign countries but the full-proof inspection measures adopted by the Ministry of Interior at land and air ports had aborted the smuggling attempt and apprehended members of the network.

The ring planned to smuggle the gold and money through oil tankers from an African country to a neighbouring country where two members of the gang would receive them and then deliver them to other members (owners of the tankers) who, in turn, transport and hand the same to other accomplices inside the UAE, but the Police arrested a member of the ring while trying to enter the country through the Ghuweifat border checking point carrying SR 10 million hidden in the truck.

A thorough investigation, monitoring and follow up had provided the Police with important lead and information that led to the detection of the criminal network. - Emirates News Agency, WAM


26 January 2017 UAE Anti Money Laundering and Suspicious Cases Unit signs cooperation MoU with Egyptian counterpart
16 June 2013 NAMLC discusses report on of legal, regulatory, supervisory and corporate framework enhancement for anti-money laundering
30 May 2013 UAE to tighten disclosure law
21 March 2013 National Anti-Money Laundering Committee holds first meet for 2013
15 July 2012 UAE steps up fight vs. money-laundering

Most Read