For banks, institutions, and individuals, financial crime is a huge near constant concern. Criminals use more complex tactics to dodge legal scrutiny and conduct crimes, such as fraud, money laundering, and terrorism funding, as regulators and financial authorities offer new strategies to detect and prevent financial crime. Financial institutions are also obliged to contribute to the battle against financial crime by ensuring that the restrictions set in place by authorities are followed – or face severe fines.

ADGM (Abu Dhabi Global Market) has established the Financial Crime Prevention to lead its efforts in promoting sound practices in financial crime compliance which include AML/CFT, and compliance with international tax reporting obligations (i.e., FATCA, CRS).

The law of the UAE differs from that of other countries, and most expats are uninformed of the actions that are considered unlawful or restricted in the country. As a result, if you become involved in any type of financial crime, you should seek assistance of a professional in handling such cases in your respective emirate.

A firm can deal with a wide range of situations in which the likelihood of committing financial crimes is high. Financial crime encompasses a wide range of specific crimes such as embezzlement, bank, loan, or credit card fraud, money laundering, and cheque bounce in the UAE. Repelling financial crimes from the firm\’s corporate environment should be at the top of the firm\’s priority list.The primary responsibility of a criminal lawyer is to present relevant evidence in court in order to obtain a favorable decision or to advocate for a lesser sentence.

At Al Jazeera Advocates, under the guidance of Advocate Mr. Jihad El Haddad the lawyers work hard to ensure that they defend their clients vigorously to ensure their name stays clear and to guarantee the best possible outcome for them.