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:
“Say that the men of the old black tower
Though they but feed as the goatherd feeds,
Their money spent, their wine gone sour,
Lack nothing that a soldier needs,
That all are oath-bound men;
Those banners come not in.”
—William Butler Yeats (1865–1939)