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The case was the largest alleged fraud case in the history of Dubai, and the ten-year jail sentences passed on the alleged perpetrators of the scheme were also the longest that Dubai authorities have ever passed in a fraud case. [2] As of 2018, four of the alleged perpetrators remain in jail after having their sentences extended by another 20 ...
20. Take the present case. The essence of the claim advanced by Dubai Aluminium against Mr Amhurst is that he and Mr Salaam engaged in a criminal conspiracy to defraud Dubai Aluminium. Mr Amhurst drafted the consultancy agreement and other agreements in furtherance of this conspiracy.
Following a personal appeal of mercy from then-President Sheikh Zayed bin Sultan Al Nahyan, her sentence was reduced and she was required to pay blood money instead, which was paid by a Filipino businessman. [12] [13] On 10 February 2011, Rashid Al Rashidi was executed by firing squad.
The US described Gacanin as “one of the world’s most prolific drug traffickers” and imposed sanctions against him. The US Treasury also stated that Gacanin’s cartel is involved in money laundering and has close ties with the Kinahan Organised Crime Group, another drug cartel residing and running operations from Dubai. [13] [14]
Article 1 of the Federal Penal Code was amended in 2020 to state that Sharia applies only to retribution and blood money punishments and the decree defined legal forms of punishment are retribution and blood money punishments, capital punishment, life imprisonment, temporary imprisonment incarceration, detention, and fines. [1]
On 31 October 2011, the signing of Dubai Law No 16. [1] allowed the DIFC Courts to hear any local or international cases and to resolve commercial disputes with the consent of all parties. The DIFC Courts are part of the sovereign structure of the Emirate of Dubai, within the UAE and independent from the Dubai Courts and Government of Dubai.
The new Anti-Money Laundering and Other Matters Bill introduced to parliament on Tuesday will remove the need for the prosecution to show a direct link between the criminal Singapore aims to make ...
The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.