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Article (19)

DFL 20/2018 Effective from 23/10/2018
  1. Competent Authorities shall give priority to requests for international cooperation related to countering money laundering and combating terrorism financing and ensure prompt handling of those requests and take efficient measures to ensure the confidentiality of the information received
     
  2. In application of the present Decree-Law, the request for international cooperation shall not be rejected based on any of the following grounds:
     
    1. That the crime involves tax and financial affairs
       
    2. That the crime is political or related to politics.
       
    3. That the confidentiality provisions apply to financial Institutions and designated nonfinancial businesses and professions without prejudice to the legislations applicable in the State.
       
    4. That the request is connected to a crime under investigation or Judicial prosecution in the UAE unless the request win impede on the investigation or prosecution.
       
    5. Any other cases mentioned in the Executive Regulation hereof.
       
  3. The rules, controls and procedures governing international cooperation are contained in the Executive Regulation of this Decree-Law

 

This article has been amended by Federal Decree-Law No. (26) of 2021. You are viewing the latest version. To view the previous version, click the version box below.
Version 1(effective from 23/10/2018 to 13/09/2021)

 

1- Competent Authorities shall give priority to requests for international cooperation related to Anti-Money Laundering and Combating Financing of Terrorism and ensure prompt execution of those requests and take efficient measures to ensure the confidentiality of the information received.

2- In application of the present Decree Law, the request for international cooperation shall not be rejected based on any of the following grounds:

a) That the Crime involves tax and financial affairs

b) That the Crime is political or related to politics.

c) That the confidentiality provisions apply to Financial Institutions and Designated Nonfinancial Businesses and professions without prejudice to the legislation applicable in the State.

d) That the request is connected to a Crime under investigation or judicial prosecution in the State unless the request will impede on the investigation or prosecution.

e) Any other cases mentioned in the Executive Regulation of this Decree Law.

3- The rules, controls and procedures governing international cooperation are contained in the Executive Regulation of this Decree Law.