Dubai Police dealt with 545 financial crimes in 2021 valued at Dh2.2 billion.
Of these, 238 cases were handled by the commercial fraud and piracy combating department of the police while 267 were tackled by the fraud crimes section and another 40 by counterfeit investigators.
The announcement comes after UAE authorities and anti-crime agencies and Interpol stepped up efforts to combat financial crimes and money laundering operations, which also led to the arrest of more than 145 international fugitives in 2021, a police statement said.
“The department is making every effort possible to combat these crimes and will continue to do so to reduce, combat and prevent economic crimes,” said Brig Jamal Salem Al Jallaf, director of Dubai Police's General Department of Criminal Investigation.
“But members of the public also have a responsibility to report suspected financial crimes, especially in light of the continuous awareness campaigns carried out by the police.”
Regular meetings and training courses are held for officers to help them identify counterfeit goods.
“We have also conducted several campaigns to raise public awareness and educate them about the risks of dealing with suspicious people who might be involved in fraud, forgery, counterfeiting, or doubling-money crimes, among other criminal activities,” Brig Al Jallaf said.
He urged the public to report suspicious activities via the force’s smart app or by calling 901.
Last month, the Executive Office for Anti-Money Laundering and Counter-Terrorism Finance said that UAE prosecutors were pursuing hundreds of financial cases.
One case involved fraudsters using AI to replicate the voice of a company director in the UAE to authorise a $35 million transfer from a bank in Hong Kong.
The office said it will step up its fight against economic crimes this year by teaming up with the Executive Office of the Committee for Goods and Materials Subject to Import and Export Control.
Dubai Police thwart drug smuggling attempts
Killing of Qassem Suleimani
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The five pillars of Islam
Infiniti QX80 specs
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UAE currency: the story behind the money in your pockets
Know your cyber adversaries
Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.
Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.
Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.
Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.
Phishing: Aims to secure personal information, such as passwords and credit card numbers.
Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.
Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.
Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.
Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.
Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.
Zero-day exploit: Exploits a vulnerability in software before a fix is found.
INFO
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Man of the Match: Djibril Sidibe (Everton)
Killing of Qassem Suleimani
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
UAE currency: the story behind the money in your pockets
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
UAE currency: the story behind the money in your pockets
THREE
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Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
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DIVINE%20INTERVENTOIN
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The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
Richard Jewell
Director: Clint Eastwood
Stars: Paul Walter Hauser, Sam Rockwell, Brandon Stanley
Two-and-a-half out of five stars
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The biog
Family: He is the youngest of five brothers, of whom two are dentists.
Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.
Where he works: Liberty Dental Clinic
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
