# What is money laundering in the UAE?

**URL:** <https://www.amlfaqs.com/t/what-is-money-laundering-in-the-uae/71>\
**Category:** UAE\
**Tags:** money-laundering, aml\
**Created:** [September 15, 2024, 1:13pm UTC](https://www.amlfaqs.com/t/what-is-money-laundering-in-the-uae/71 "2024-09-15T13:13:03Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [September 15, 2024, 1:13pm UTC](https://www.amlfaqs.com/t/what-is-money-laundering-in-the-uae/71/1 "2024-09-15T13:13:03Z")

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What is money laundering in the UAE?

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<div class="post-metadata">

**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [September 15, 2024, 1:13pm UTC](https://www.amlfaqs.com/t/what-is-money-laundering-in-the-uae/71/2 "2024-09-15T13:13:38Z")

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Under Federal Decree Law No. 20 of 2018 of the UAE, any person who knows that funds are the proceeds of an offence and has committed any of the following acts is considered a money launderer:

• Transferring, moving or conducting any operation to conceal or disguise the illegal source of the funds.  
• Concealing or disguising the proceeds, their source, place, the way of disposition, their movement, ownership or relevant rights.  
• Gaining, possessing or using the proceeds.  
• Helping the perpetrator of the original offence to evade punishment.