Dubai to get tougher on commercial fraud

  • Share via facebook
  • Tweet this
  • Bookmark and Share
HH Sheikh Mohammed Bin Rashid Al Maktoum.

HH Sheikh Mohammed Bin Rashid Al Maktoum.

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Sunday issued a new draft law to create a committee to combat commercial fraud.

He said the UAE will continue to develop legislation and laws to protect the community and markets from various types of crimes and fraud, in accordance with the best systems and international standards.

The committee will study reports of fraud and deceit referred to it by competent authorities and take the necessary decisions, news agency WAM reported.

The new draft law, which was endorsed during a Cabinet meeting, also seeks to protect consumers, WAM said.

Sheikh Mohammed, also the UAE's vice president and prime minister, said the legal move was "in accordance with the directives of the government to build transparent and professional markets in which sellers and consumers enjoy full rights and duties".

"The consumer protection consolidates the principle of transparency and impartiality in the business sector," he said.

The general provisions of the new federal bill include several articles covering all types of commercial fraud, such as the sale, display or possession of counterfeit goods in addition to provisions related to the prohibition of misleading advertisements.

The bill also tightens punishments for breaches of regulations relating to food, drugs and medicines, WAM said without giving further details.

It also lays down a mechanism to deal with counterfeit or rotten goods. The bill obliges importers to return these goods to their source of origin within a specified period, or to destroy them.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Q&A with Dubai Chamber

Q&A with Dubai Chamber

We spoke with Essa Al Zaabi of Dubai Chamber of Commerce to find...

The politics of big data

The politics of big data

The UAE may be one of the fastest adopters of e-government initiatives...

Most Discussed
  • 23
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 17
    UK looks to close tax loophole on expat landlords

    UK taxes too much and too complicated and time taking and confusing and continuous. Returns, lawyers, HMRC, taxes too much for too little. Not worth the... more

    Sunday, 17 August 2014 12:40 PM - AbdolRahman
  • 16
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer