Credit By: Gulf Business
Dubai has introduced a new platform for reporting economic crimes, operated under the Economic Security Centre of Dubai. This initiative aims to enhance community engagement and mitigate the negative impact of financial misdeeds on the business community and society. The platform enforces strict confidentiality to encourage broader public participation and was launched by His Excellency Sheikh Mansoor bin Mohammed. It is an additional channel for reporting economic crimes such as money laundering, terror funding, bribery, forgery, and embezzlement, potentially impacting Dubai’s economy or resources.
Economic Security Centre Platform:
The newly launched platform is part of the Economic Security Centre of Dubai and is designed to facilitate the reporting of economic crimes by the public.
Community Engagement:
The move aims to boost community engagement and reduce the negative implications of financial misdeeds on the business community and society as a whole.
Protection Against Cybercrime:
The platform is considered an additional layer of protection for companies leveraging Fourth Industrial Revolution technologies and digital transformation, which cybercriminals exploit for illicit activities.
Strict Confidentiality:
The channel enforces strict confidentiality to encourage more involvement from the public in reporting economic crimes.
Range of Crimes:
The platform can report various economic crimes, including money laundering, terror funding, bribery, forgery, and embezzlement, potentially impacting Dubai’s economy or resources.
National Economy Protection:
The initiative aligns with broader efforts to safeguard the economies of Dubai and the UAE, emphasizing the importance of increased community involvement in protecting the national economy.
Sheikh Mansoor’s Statement:
Sheikh Mansoor bin Mohammed highlighted the importance of community participation in protecting the national economy and emphasized that such involvement would reinforce mechanisms to combat economic crimes.
Global Standards:
Dubai aims to maintain the highest standards and international best practices related to economic security, aligning with its status as a global business and financial hub.
Legal Process Advisory:
Members of the public reporting economic crimes are advised to provide evidence pointing to the violations, and the responsibility of collating evidence is vested solely in authorized entities.
Launching the platform for reporting economic crimes in Dubai reflects the emirate’s commitment to bolstering its economic security framework and engaging the community in efforts to combat financial misdeeds. By providing a confidential and accessible channel, Dubai aims to ensure the highest level of protection for its unique development model, promoting business growth and public-private partnerships. The initiative aligns with global efforts to enhance transparency, combat economic crimes, and protect national economies.
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