Dubai Border Security Council Chairman His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum unveiled a system for citizens to report economic & financial crimes. Since these crimes have far-reaching, detrimental effects on society, the business community, and the economy as a whole, the goal of this change is to increase community involvement in reporting them.
His Highness praised all initiatives to strengthen security systems to defend Dubai and the UAE economies, and he stressed the need for more community engagement in this vital task. Such involvement would strengthen existing systems to combat such crimes.
The opening ceremony took place on the margins of the second edition of the Al Ameen Forum, which started on Monday at the Mohammed Bin Rashid Library (MBRL) under the topic of “Security as the Pillar of the Modern Economy… The Fourth Industrial Revolution.”
His Highness also emphasized the need of being ready at all times to deal with problems that may arise in the process of using the benefits of the Fourth Industrial Revolution and digital transformation. He made a point to emphasize Dubai’s dedication to eliminating any and all possible obstacles to growth and development.
“Dubai seeks to maintain the highest standards and international best practices related to economic security, consistent with its status as a global business and financial hub.” His Highness Sheikh Mansoor said.
“This commitment ensures the highest level of protection for Dubai’s unique development model that has created an environment that promotes business growth and robust public-private partnerships.” He added.
The Economic Security Center of Dubai has launched a new online platform for reporting economic crimes in an effort to increase public engagement and interaction. The Dubai Center for Economic Security is home to the initiative to provides an additional channel for reporting financial crimes that might harm Dubai’s economy or resources, such as money laundering, funding for terrorist groups, bribery, forgery, and embezzlement.
“The launch of the platform reflects the UAE leadership’s commitment to protect Dubai’s economy and bolster the economic security apparatus” His Excellency Faisal bin Selaitin, Executive Director of the Economic Security Center of Dubai said.
“The confidentiality of all those stepping forward to report such offenses would be ensured to encourage wholehearted public participation” His Excellency Faisal bin Selaitin said.
How to Report Financial Crimes?
If the reporting party has knowledge of the details of the violations, they must provide them in their report. For the sake of due process of law, members of the public should refrain from conducting their own investigations to gather evidence. The public should not undertake their own investigations; instead, they should contact the appropriate agencies authorized to follow up on incidents reported to the Center.
The platform’s introduction reflects the Center’s commitment to proactively safeguarding the local economy and delivering distinctive services in keeping with the goal of the Dubai Economic Agenda D33, which seeks to firmly establish the city as one of the most significant economic centers in the world.
The Economic Security Center of Dubai was established in 2016 with the objectives of combating corruption and economic & financial crimes and bolstering Dubai’s legal and economic security framework.
