Money Laundering
The UAE is vulnerable to money laundering due to its position as a major commercial driver in the region. The UAE leadership has taken several measures for combating organized crime. A law was enacted in January 2002 for the purpose of curbing money laundering. However, despite government efforts to combat money laundering, regulation of banking is still developing.
Read more about this topic: Crime In The United Arab Emirates
Famous quotes containing the word money:
“What is important for kids to learn is that no matter how much money they have, earn, win, or inherit, they need to know how to spend it, how to save it, and how to give it to others in need. This is what handling money is about, and this is why we give kids an allowance.”
—Barbara Coloroso (20th century)