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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.
However, despite government efforts to combat money laundering, regulation of banking is still developing. [9] Washington-based Center for Advanced Defense Studies released a report that US sanctioned war profiteers, terror-funders and drug traffickers have been long-using Dubai's real-estate market as a money-laundering haven. [15]
For example, to violate the Racketeer Influenced and Corrupt Organization Act (RICO), a person must "engage in a pattern of racketeering activity", and in particular, must have committed at least two predicate crimes within 10 years. [2] These include bribery, blackmail, extortion, fraud, theft, money laundering, counterfeiting, and illegal ...
In 1995, Sarah Balabagan, a Filipino migrant worker, killed her employer in his Al Ain house. [12] The case garnered significant media attention in her native Philippines. She was charged with premeditated murder and sentenced to death by firing squad, and maintained that she killed him in self-defence after he tried to rape he
Ghafoor is also a co-founder and board member of human rights group Democracy for the Arab World Now (DAWN). The Abu Dhabi Money Laundering Court convicted Ghafoor of committing crimes of tax evasion and money laundering, and also ordered him to pay a fine of more than $800,000 stemming from his in absentia conviction. But the critics and human ...
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 Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), in Dubai, United Arab Emirates. [ 1 ] [ 2 ] It is distinct from the UAE's federal Securities and Commodities Authority , whose jurisdiction covers the wider UAE outside the boundaries of ...