Corruption and Bribery: Prevention and Laws

The Article is about bribery, corruption, and law enforcement by UAE government against these two social evils. Not just in UAE, over the last two decades, the entire Middle East region witnessed the implementation of new and strict rules in the region against bribery and corruption. UAE is among the top. The new rules and laws are aligned with global bribery and corruption laws. UAE steps up towards advanced levels where, strict laws have been implemented in UAE, in order to protect the business and corporate culture in the country. It also stops injustice and panic in society. UAE’s commitment to promoting transparency and accountability is admirable.

A number of high-profile cases have characterised anti-corruption enforcement in the United Arab Emirates. Let’s discuss few of them:

• Arrests in UAE: UAE government acted on several international arrest warrants to arrest the criminals in UAE. Many businesses and individuals had corruption-related charges in different parts of the world. UAE authorities detained such criminals in UAE which shows UAE’s willingness to coordinate with international authorities, to control the corruption.
• Convictions for Fraud and Money Laundering: Abu Dhabi Criminal Court convicted 79 individuals for their association in an online investment scam. These persons were found guilty of money laundering, and fraud. They were cheating victims to invest in securities, which resulted in financial losses. Therefore, Abu Dhabi criminal court convicted all these persons.

The UAE strengthens its cooperation to combat corruption on global level. UAE signs judicial cooperation agreements with many countries e.g. Denmark, Italy, Netherlands, Russia, and USA. It shows the UAE’s professional and moral commitment to combat corruption-related issues throughout the world. It also shows the ability of UAE to work on international levels. UAE is continuously focused on international cooperation and to combat with international corruption.

UAE has agreements of collaboration with countries like USA, Italy, and Denmark. It is for facilitating the information sharing, and extradition. These collaborations are very essential for prosecuting individuals and organizations who are involved in cross-border corruptions.

UAE, is actively engaging with international organizations as well, for example United Nations Convention Against Corruption (UNCAC). It also shows the participation of UAE and the commitment to combating corruption on international scale.

UAE government is increasingly targeting high-profile cases involved in corruption. UAE government is targeting local and international corruption cases.

To combat corruption, the UAE government is using advanced approaches and technologies. For example, modern technologies, AI systems, and more.

Despite the several efforts made by the UAE government, still the risk of corruption in UAE is higher. Therefore, the UAE creates a strict monitoring environment supported by rules and regulations. Therefore, bribery control, and anti-corruption control activities are highly encouraged. The high-risk industries are defined as construction, oil and gas, and financial services.

Businesses must have to adopt local compliance principles and laws. Any business not adopting, the compliance rules, is held accountable by United Arab Emirates Law.

Companies are directed to develop comprehensive policies for corruption. It must outline the violations and consequences. Companies’ business policies have to align with the best compliance practices.

Companies have to conduct regular risk assessments which will help them to find out vulnerabilities within the organization. The areas for close examinations are:

• Third Party Contracts
• Procurement Processes
• Internal financial Controls

Businesses are directed to perform due diligence, on third parties, before signing any agreement. Due diligence includes checking liabilities, understanding the practices, and making sure the compliance laws are followed. We have established consultation programs on DUE DELIGENCE. You can book the legal appointment with our lawyers and legal consultants.

Employee training is very important for adopting a culture of compliance. Professional companies always set up a culture of training and setup a culture of spreading awareness. Training programs must be added in employment contract or employee handbook.

Whistleblowing should be encouraged. There must be mediums and channels inside the companies where unethical practices should be highlighted. Whistleblowing is encouraged by UAE government and it is very helpful in revealing the corrupt employees and practices.

The UAE has demonstrated a commitment to preventing corruption and bribery through rigorous legal enforcement and a proper system. For example, judicial agreements, Gupta brothers’ arrests, and investigations with entire world and global UN entities show the commitment of the UAE. If you need any legal assistance or legal service then you can hire our legal services. We are not just a law firm or team of Emirati lawyers; we are recognized as most trustworthy law firm all over the UAE. Our clients are from every corner of the UAE. We suggest to book a legal appointment with our top Emirati lawyers and legal consultants to get the real idea about the financial matters, corruption, anti-money laundering laws, anti-money bribery.