UAE Residents Face Up to Dh50,000 Fine: Strict Consequences Loom for Illicit Money Transfers
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Sunday, October 29, 2023
In a social media post on Friday, the UAE Public Prosecution reminded residents that if they deposit or transfer money for drug trafficking, they could be fined up to Dh50,000 or face imprisonment. This rule applies to depositing or transferring money personally or through others, as well as receiving funds related to drug use or possession. This regulation is based on Article 64/1 of Federal Decree-Law No. 30 of 2021, which addresses the fight against narcotic drugs and psychotropic substances."
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