Last updated on December 28th, 2019 at 11:26 am Committing or attempting to commit money laundering: Whoever commits any of the following acts, despite being fully aware that such funds are derived from an offence or a misdemeanor, shall be deemed as a perpetrator of money laundering: 1. If converts, transfers, deposits, saves, invests, exchanges or manages any proceeds, with intent to conceal or disguise the illicit origin thereof. 2. If conceals or disguises the true nature, origin, location, way of disposition, movement, rights related to any proceeds or ownership thereof. 3. If acquires, possesses or … Continue reading UAE Enhances Battle Against Money Laundering