UAE: Anti-money laundering units seized Dh2.3 bln in 2021

According to the Anti-Money Laundering and Counter Terrorism Financing units, the UAE task force has seized more than Dh2 billion while snaring money launderers and criminals, in the year 2021.

According to the Anti-Money Laundering and Counter Terrorism Financing units, the UAE task force has seized more than Dh2 billion while snaring money launderers and criminals, in the year 2021.

As a part of an intensive clamp down on financial crime, the executive office of the anti-money laundering and counter-terrorism financing has confiscated around Dh2.3 billion.


The unit gathered such a huge haul through money laundering cases of Dh1.1 billion proceeds of overseas crimes worth Dh300 million. The task force also collected Dh15 million in gold and other precious metals, as well as Dh286 million.

The unit shared the details on Twitter and wrote, “The AML CFT of UAE Progress: The UAE has confiscated more than AED 2.33 billion ($625 million) to date in 2021.”

However, this year, the unit has accelerated its fight against the money-related crimes, by joining hands with the Executive Office of the Committee for Goods and Materials Subject to Import and Export Control.

Reportedly, both organisations have jointly assessed how the financial resources could be used for the development of the biological, nuclear or chemical weapons. In the forthcoming time, the alliance will also emphasise the obligations of the private sector under UAE law.

The team has been working with overseas organisations, including the GCC, the G7, G20 and the Financial Action Task Force, to snatch the offenders.


In December 2021, to tackle the money laundering and terrorism financing, the Financial Intelligence Unit joined forces with the Ministry of Community Development. On the same breadth, in November 2020, the Ministry of Economy formed an anti-money laundering department to deal with the economic crisis. A court was established in Abu Dhabi to tackle the money laundering and tax evasion.


Please enter your comment!
Please enter your name here

Read More

India: PM Narendra Modi committed to cross-border ties with Bhutan

New Delhi, India: On the auspicious occasion of the 74th Republic Day of India, Prime Minister Narendra Modi has extended his gratitude and thankfulness to the Lotay Tshering, Prime Minister of Bhutan and shared warm wishes on the republic day parade.

Indian biker died in a bike crash in UAE

A 37-year-old biker died in a motorcycle crash on Saturday, 23 April, in the UAE. An ex-employee of the Indian Consulate's attestation services in Dubai, Japin Jayaprakash, was all set to inaugurate his new company of branding and advertising on Monday, 25 April (today).

A Quiet Place 2 crosses $100 million mark in the US and Canada!

The highly awaited horror film of the year “A Quiet Place II” has crossed the $100 million mark in USA and Canada. Therefore, the...


Mona Kattan shares lovey-dovey video clip with husband shooting on sets of KAYALI

Huda Kattan's sister and Co-Founder & Global President of world-famous makeup brand Huda Beauty and Kayali' Mona Kattan'had recently shared a small video clip of kissing her husband when he suddenly surprised Mona on her set when she was shooting.

COVID: Israel tries to adjust to virus, hospitals find hard to cope

Like other countries, the Israeli government also adopted “Living with COVID” as its mantra before the arrival of the virus’ new variant Omicron. However, the...

Dubai Police supports families of inmates by providing them ‘Ramadan Ration’

The Director of the General Department of Punitive and Correctional Institutes, Major General Ali Muhammad Al Shamali, applauded the efforts of the Ministry of Interior and their charitable arm - Faraj Fund, for the distribution of Ramadan rations to the needy families of male and female inmates and providing them with some relief from their financial burdens.