What is the penalty for Money Laundering in the UAE?
Under the Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, any person who commits money laundering shall be imprisoned for a period of maximum 10 years or be liable to pay a fine between AED 100,000 to AED 5,000,000 or both these penalties.
To understand the anti-money laundering law in detail, including the penalties for violation of these laws, check out our guide here: