Which country announced the establishment of a specialised court, focused on combating money laundering, within the Court of First Instance and Court of Appeal.

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Syria
B	Oman
C	UAE
D	India

Explanation:

Detailed explanation-1: -The new money laundering court will sit within Dubai Courts and will hear money laundering cases as part of Dubai’s wider effort to eliminate financial crime. The Dubai Court of First Instance or Dubai Court of Appeal will transfer cases that involve or that appear to involve money laundering to the new court.

Detailed explanation-2: -Dubai Courts today announced the establishment of a specialised court, focused on combating money laundering, within the Court of First Instance and Court of Appeal.

Detailed explanation-3: -Central Bank of the UAE established a dedicated department in August 2020 to handle all anti-money laundering matters and to combat the financing of terrorism (AML/CFT). AML/CFT serves three key objectives: examining Licensed Financial Institutions (LFIs)

Detailed explanation-4: -Dedicated money laundering court established in Dubai.

Detailed explanation-5: -The UAE National Anti Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC) is the primary body for policy making and issuing regulations to combat money laundering and terrorism financing in the UAE.

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