US citizen's UAE jail sentence lifted but fined $1.3m in tax evasion case

clock • 4 min read
US citizen's UAE jail sentence lifted but fined $1.3m in tax evasion case

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...

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