India Business Law Journal
Money laundering was formally criminalized under the AML Law of 2002, but it had long been a crime to knowingly possess the proceeds of criminal activity, at least as regards criminal activity carried out in the UAE. Moreover, many techniques used to conceal the origins of funds (like forging documents) are themselves crimes under the UAE’s
Penal Code. Charles Laubach reveals everything you need to know about the new regulations in place.