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Article (22)

DFL 20/2018 Effective from 23/10/2018
  1. Any person who commits or attempts to commit any of the acts set forth in Clause (1) of Article 2 of this Decree-Law shall be sentenced to imprisonment for a period not exceeding ten years and to a fine of no less than (100,000) AED one hundred thousand and not exceeding (5,000,000) AED five Million or either one of these two penalties.
     
  2. A temporary imprisonment and a fine of no less than AED 300,000 (three hundred thousand dirham) and no more than AED 10,000,000 (ten million dirham) shall be applied If the perpetrator of a money laundering crime commits any of the following acts:
     
    1. If he abuses his influence or the power granted to him by his profession or professional activities
    2. If the crime is committed through a non-profit organization
    3. If the crime is committed through an organized crime group
    4. In case of Recidivism
       
  3. An attempt to commit a money laundering offense shall be punishable by the full penalty prescribed for it
     
  4. A life imprisonment sanction or temporary imprisonment of no less than (10) ten years and penalty of no less than AED 300,000 (three hundred thousand dirham) and no more than AED 10,000,000 (ten million dirham) is applied to anyone who uses Proceeds for terrorist financing.
     
  5. A temporary imprisonment sanction and a penalty of no less than AED 300,000 (three hundred thousand dirham) and no more than AED 10,000,000 (ten million dirham) shall be applicable to anyone who uses the Proceeds in financing illegal organizations.
     
  6. The Court may at the request of the Attorney General, his delegate, or on its own initiative commute or exempt from the sentence imposed on the offenders if they provide the Judicial or administrative authorities with information relating to any of the offenses punishable in this article, when this leads to the disclosure, prosecution, arrest the perpetrators or seizure Its proceeds.

 

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- Any person who commits any of the acts set forth in Clause (1) of Article (2) of this Decree Law shall be sentenced to imprisonment for a period not exceeding ten years and to a fine of no less than (100,000) one hundred thousand dirham and not exceeding (5,000,000) five million dirham or either one of these two penalties.

A temporary imprisonment and a fine of no less than (300,000) three hundred thousand dirham and no more than (10,000,000) ten million dirham shall be applied if the perpetrator commits Money Laundering Crime in any of the following situations:

a) If he abuses his influence or the power granted to him by his employment or professional activities.

b) If the Crime is committed through a Non-Profit Organisation.

c) If the Crime is committed through an organized crime group.

d) In case of recidivism

2- An attempt to commit a Money Laundering offense shall be punishable by the full penalty prescribed for it

3- A life imprisonment sanction or temporary imprisonment of no less than (10) ten years and penalty of no less than (300,000) three hundred thousand dirham and no more than (10,000,000) ten million dirham is applied to anyone who uses Proceeds for Financing of Terrorism.

4- A temporary imprisonment sanction and a penalty of no less than (300,000) three hundred thousand dirham and no more than (10,000,000) ten million dirham shall be applicable to anyone who uses the Proceeds in Financing Illegal Organisations.

5- The Court may commute or exempt from the sentence imposed on the offenders if they provide the judicial or administrative authorities with information relating to any of the offenses punishable in this Article, when this leads to the disclosure of the Crime or its perpetrators, or the verification of the Crime against them or arrest of any of the perpetrators.