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World News July 31, 2023

UAE to set up anti-money laundering bodies

The UAE made an announcement on Sunday to set up special courts that will deal with money laundering and financial crimes. This decision comes after the country was closely watched by a global organization that works to stop illegal money flows.

The official news agency, WAM, reported that the United Arab Emirates has given the green light to a plan to create government offices specifically focused on dealing with economic crimes and money laundering.

This move is seen as an important step towards investigating and taking action against suspicious financial activities. The plan aims to have specialized courts dedicated to handling cases related to illicit finance.

Source : CGTN

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