Senior UAE judges have met to support the country’s fight against money laundering and terrorism financing.
The Abu Dhabi Judicial Department (ADJD) held a webinar on the mechanisms needed to combat money laundering and the obligations of legal professionals as part of efforts to strengthen anti-money laundering endeavours in line with the UAE’s drive to reduce financial crimes.
Their aim is to maintain the UAE’s positive reputation worldwide and consolidate its position in the field of financial and commercial control, while reducing abusive or suspicious practices in various business activities.
Counsellor Mansour Al Marzouqi, Chief Justice of the Abu Dhabi Criminal Court, highlighted the importance of reinforcing the anti-money laundering mechanisms to support the fight.
Mohammad Alhassani, Chief Prosecutor at the Major Financial Matters Prosecution, and Head of the International Cooperation Section at the Technical Office of the Attorney General of the Emirate of Abu Dhabi, discussed the challenges and solutions in the fight against money laundering and the local and global obligations.
The forum addressed the nature of money laundering crimes, their elements and historical roots and the role of the business sector in addressing them.
Alhassani stressed the importance of international cooperation in risk identification, policy development and coordination, the prosecution of money laundering, terrorist financing and the application of preventive measures in the financial sector.
Dr. Ridha Khemakhem, Judge at the Abu Dhabi Court of Appeal, reviewed the UAE’s efforts in combating money laundering and the legislative and institutional mechanisms the country has adopted in this regard, as well as the most important international agreements and treaties signed by the UAE.
He also pointed to the sustained efforts to develop the judicial system in the Emirate of Abu Dhabi to deal with these crimes and to prosecute the perpetrators and bring them to justice by taking several measures in cooperation with the relevant authorities through a developed legislative and judicial system.
The measures support the efforts of Sheikh Mansour, Deputy Prime Minister and Chairman of the Judicial Department of Abu Dhabi, who wants to establish a judicial system that enhances the protection of both society and the economy against the effects of crime.
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