fbpx

Financial Crime Lawyer in Dubai

Financial Crime

At NYK Law Firm, we offer comprehensive solutions for all your legal matters. Our lawyers in Dubai are experts in handling matters related to financial crime. They can provide valuable insights and advice that’ll help you navigate the legal landscape in the UAE.

Financial crime encompasses a wide range of illicit activities, including fraud, money laundering, embezzlement, insider trading, and cybercrimes. These offences undermine the integrity of financial systems and can have far-reaching economic and societal impacts. Understanding the various facets of financial crime is essential for anyone operating within the UAE’s financial sector.

Frequently Asked Questions

Financial crimes in the UAE encompass a range of offenses, including fraud, embezzlement, money laundering, bribery, cybercrimes, and other illegal activities that involve financial transactions or deception for financial gain.

The UAE has various laws and regulations to combat financial crimes, including the UAE Penal Code, the Federal Law No. 4 of 2002 on Anti-Money Laundering, and other relevant legislation. These laws provide the legal framework for investigating and prosecuting financial crimes.

Penalties for financial crimes in the UAE can be severe and may include fines, imprisonment, asset forfeiture, and in some cases, both civil and criminal liability.

Financial crime investigations in the UAE are typically conducted by specialized units within law enforcement agencies. They involve gathering evidence, tracing financial transactions, interviewing witnesses, and collaborating with international authorities if necessary.

Money laundering in the UAE involves the process of concealing the origins of illegally obtained money or assets. Penalties for money laundering can include significant fines and imprisonment. UAE law also provides for the confiscation of assets involved in money laundering.

Yes, individuals can report suspected financial crimes to the relevant authorities in the UAE, such as the police or the UAE’s Financial Intelligence Unit (FIU). Reporting is encouraged, and there are mechanisms in place to protect whistleblowers.

Yes, the UAE has specific regulations aimed at combating bribery and corruption. The Federal Decree-Law No. 7 of 2016 on combating cybercrimes also addresses bribery and corruption in electronic and digital contexts.

In some cases, financial crime cases in the UAE can be settled out of court through agreements between the parties involved. However, such settlements may require legal approval and adherence to specific conditions.

The UAE has extradition agreements with several countries, and extradition may be pursued in cases involving financial crimes that have international implications, depending on the terms of these agreements.

To protect themselves from financial crimes in the UAE, individuals and businesses should implement strong internal controls, conduct due diligence on business partners, be vigilant about cybersecurity, and stay informed about the latest legal and regulatory requirements.

Key Contacts

Sunil Ambalavelil

Principal Partner
📩 sunil@advsunil.com

Ayushi Tripathi

Legal Associate
📩 ayushi@nyklawfirm.com

you are not alone

We use our knowledge and experience to provide a complete legal service to clients in our core sectors.

We actively promote a culture of innovation and continuous improvement. Our consultants lead by example, building a strong understanding of our client’s business and staying open to new approaches, concepts and technologies. 

Your issue becomes ours when you come to us.

We operate all over the world, from our own offices, associated offices and established relationships with correspondent law firms.

“Liberty is the right to do what the law permits.”

Montesquieu

plan of action

A personalized treatment for each case

Some cases may look alike but not always to the details. We always make sure we understand our clients to the nearest detail so we can provide optimal support. We take your issue and transform it to an opportunity so you make full profit from it.

01

One step ahead

Our experience and expertise permits us to understand your issue faster.

02

building your case

Details focused, we bring out a strategy for best possible result.

03

achieving your goals

We follow-up the case closely, keeping you aware of it evolution.

Scan the code