Abu Dhabi Money Laundering and Tax Evasion Court, created in 2021, has convicted US citizen Asim Abdulrahman Ghafoor of committing money laundering crimes linked to a tax evasion operation in his country. The UAE court lifted a prison sentence but upheld a conviction on money laundering charges for Ghafoor, who was detained while transiting through Dubai last month. It ordered Ghafoor to pay an AED 5m ($1.36m) fine and for AED18m in his account to be confiscated. But it removed a three-year jail term from an earlier sentence handed down in May of this year. A report by news agenc...
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