Feb 9, 2011 - 03:27 -

http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1293605052477&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews

WAM Abu Dhabi, 9th Feb. 2011 (WAM) -- A group of UAE judges, prosecutors, officers, customs inspectors, and money laundering experts along with representatives from the US Department of Justice gathered here today at the Emirates Palace for a two-day conference to explore best, fool-proof mechanisms to combat smuggling of money through national boundaries.

Addressing the inaugural sitting, Mohammed Ahmed Al Badi, UAE Justice Ministry Undersecretary, said the conference aims at presenting evidence-based cases for combating money laundering and smuggling through national boundaries and reviewing law enforcement mechanism in regard to money laundering in both the UAE and US.

The two-day gathering, he added, will also spur joint legal and judicial research.

Speaking to delegates, Richard Olson, US Ambassador to the UAE, commended constructive cooperation between the justice ministries in the two friendly countries especially in areas of judicial training.

Abdul Rahman Al Balouchi, Director of International Cooperation, Ministry of Justice, highlighted the importance of the conference as it provides an ideal platform for local and international experts to share knowledge, expertise and experiments in trans-border money laundering.

He said that members of UAE judiciary will have the opportunity to get advanced training on the hands of prominent experts from US Department of Justice.

A number of papers dealing with financial, criminal judicial and legal aspects of money laundering were reviewed by UAE and US experts.