The Public Prosecution Office of the State, through a tweet published yesterday, on its accounts on social media @uae_pp, provided clarifications about the crime of money laundering, as part of its keenness to enhance the legal culture among community members and raise awareness of the laws.
She explained that, according to Article 2 of Federal Decree-Law No. 20 of 2018, regarding countering crimes of money laundering and combating the financing of terrorism and financing illegal organizations, which stipulates that a money laundering crime is committed, whoever was aware that the funds were obtained from a felony or misdemeanor, and committed Intentionally transferring or transferring the proceeds, or carrying out any process with the intent to conceal or disguise their source.
Likewise, whoever conceals or obscures the reality of proceeds, their source, location, method of disposition, movement, ownership or rights related to them, acquires, possesses or uses the proceeds upon receipt of them, or assists the perpetrator of the crime to escape punishment.
The money laundering crime is considered an independent crime. Punishing the perpetrator of the predicate offense does not prevent him from being punished for the money laundering crime.
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