Picture for illustrative purposes only. ARCHIVE

A UAE court has sentenced two Asian men to one year in prison and fined them Dh1 million after convicting them of money laundering linked to counterfeit branded goods. According to the prosecution, the two men handled Dh1 million by depositing, withdrawing and transferring the funds through bank accounts in an attempt to conceal their origin. Authorities said the money was generated from the sale of fake branded products. The court heard that the defendants were aware that the funds were derived from illegal activity and that the transactions were structured to mask the source and nature of the money. After reviewing the evidence, the court found the men guilty. It ordered the confiscation of the Dh1 million seized from their bank accounts and directed that both men be deported after serving their sentences. They were also ordered to pay court fees. The case falls under UAE laws on combating money laundering, terrorism financing and the financing of illegal organisations. ICA/Expat Media
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