UAE approves plan to establish AML prosecutor

United Arab Emirates

The United Arab Emirates (UAE) has moved forward with plans to establish federal prosecution entities specializing in economic crimes and money laundering.

A proposal by the UAE’s attorney general, announced by news agency WAM on Sunday, aims to develop the Middle East nation’s judicial system to “keep pace with global economic shifts” and further boost “financial stability and economic growth.”

Approved by the country’s Federal Judicial Council, the proposal is part of a project the Ministry of Justice is working on in conjunction with the FJC to improve professional and legal performance in the UAE.

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