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Legal Update: The New Law Number 4 of 2016 on the Dubai Economic Security Centre – STA Law Firm
The purpose of the law is to combat financial crimes and illegal activity. The law will cite specific instances as to the applicability of Law in areas of the crime of fraud, bribery, embezzlement, damage to public property, forgery, counterfeiting, money laundering and financing of terrorism or illegal organizations including person involved in such crimes.