Abu Dhabi, UAE – The UAE is establishing federal prosecution entities specialised in economic crimes and money laundering, to develop the UAE’s judicial system in line with changing global economic landscape.
The establishment of these entities also represents a first step towards investigating and cracking down on crimes such as corporate crimes, bankruptcy, regulation of competition, financial markets, intellectual property, and trademarks, or that violate the UAE’s financial rights, such as customs evasion crimes.
The entities will enhance the UAE’s competitiveness as a global financial and business hub for investment and improving the quality of criminal investigations.
The move aligns with the ‘We the UAE 2031’ Vision, specifically the ‘Forward Economy’ pillar, which involves positioning the UAE as the safest country in the world and preserving human rights through an advanced legislative and judicial system.