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ABU DHABI – The Abu Dhabi Money Laundering and Tax Evasion Tribunal has ruled that defendant Asim Abdul Rahman Ghafoor – a US citizen – committed in his country Convicted in the opposite sentence of tax evasion-related money laundering offences.
The court, in his presence, ruled to quash the previously issued jail sentence and revised the sentence to a Dh5 million fine, confiscation of crime-related funds and expulsion from the UAE.
The case was launched after receiving a request for assistance from U.S. authorities investigating the defendants’ involvement in tax evasion and suspicious money transfers in an attempt to conceal illegal means of obtaining funds.
The U.S. authorities also demanded that the defendant’s bank account be inspected, through which he received the transfer of the funds in question. .
The Abu Dhabi Prosecution Authority, in coordination with the relevant authorities, began executing mutual legal assistance requests and verifying the nature of financial transactions related to these accounts and bank transfers, as it was found that there was a crime of money laundering. This took place in the country, and the defendants carried out without a proven source. International Money Transfer.
The public prosecution ordered the transfer of the case to the Abu Dhabi Money Laundering and Tax Evasion Court, which had previously sentenced to three years in prison and a Dh3 million fine before deportation.
The defendant has the right to appeal the decision made within the time limit established by law.
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