We have previously written that enhanced information and evidence sharing between the United Arab Emirates (“UAE”) and other jurisdictions (including the UK) will undoubtably lead to increased scrutiny and wider law enforcement during the investigation and prosecution of both individuals and corporates alleged to be involved in illicit financial activities, in, or through, the Middle East.
In addition, we explained how enhanced information sharing could make it easier for the UK prosecuting agencies to obtain evidence from the Middle East, and that the UAE has signed an extradition treaty with Ireland.
Finally, we have previously discussed that amendments to AML laws will not only allow the UAE to clamp down more on the alleged money laundering in their own jurisdiction, but will also improve cooperation between UAE law enforcement, and therefore, individuals will be more likely to find themselves subject to extradition proceedings.
Increased focus on individuals and corporations involved in crypto scams in the UAE
Various authorities, including from the United States, have recently been focusing their attention on allegations of crypto scams within, or with a link to, the UAE. With relatively relaxed rules and regulations, the UAE has formed a solid base for many individuals and corporations wishing to launch crypto and crypto-related products. As a result, the UAE has become the base for many crypto enterprises.
What does this mean: a further warning for those with outstanding issues in the Middle East
This development is a further significant warning to individuals and corporates with outstanding legal issues, including those relating to crypto and spanning the UAE.
Could I be extradited for allegations involving crypto?
Gherson have written a whole series of blogs on extradition, crypto and INTERPOL, including:
- Can I be extradited for allegations involving crypto
- Can INTERPOL issue a Red Notice in relation to allegations involving crypto
In summary, due to the borderless nature of crypto transactions, any allegation of criminality will inevitably involve multiple jurisdictions.
How Gherson can help
Gherson have extensive experience in providing legal assistance to corporates and individuals who may have, or fear, outstanding issues in the Middle East.
We have previously written several articles addressing specific concerns in the Middle East:
- UAE amends AML laws
- Ireland Signs Extradition Treaty With the UAE
- Further Human Right’s Concerns in the UAE
- Interpol Enhances Transnational Financial Crime-fighting Capabilities – Individuals and Corporates Beware
- INTERPOL and unfunded cheques – an update
- Gherson LLP secures INTERPOL Red Notice deletion
INTERPOL measures
In addition, those who fear that they may be subject to INTERPOL measures, including a Red, Blue, Orange, Green, Purple, Special (INTERPOL – United Nations Security Council) or Yellow Notice, should take heed.
Indeed, Gherson Solicitors continue to receive requests for expert advice and assistance from those who fear they may have outstanding financial issues arising. This advice tackles:
- How to best approach a possible INTERPOL notice;
- Preparing for potential criminal proceedings / an extradition request;
- Preparing for a situation where a civil matter or commercial dispute could be used to initiate bogus criminal proceedings; and
- Even exploring the possibility of instigating civil litigation proceedings to recover any misappropriated assets.
Gherson have previously written a series of blogs designed to assist those who fear they might be subject to INTERPOL measures (including a Blue and a Red Notice):
- What is an INTERPOL Yellow Notice?
- What is an INTERPOL-United Nations Security Council Special Notice?
- What is an INTERPOL Purple Notice?
- What is an INTERPOL Green Notice and can it be challenged?
- What is an INTERPOL Orange Notice and can it be challenged?
- What is the purpose of an INTERPOL Blue Notice, and can it be challenged?
- What is an INTERPOL Blue Notice?
- INTERPOL and Red Notice Challenges
- How to Remove an INTERPOL Red Notice
- INTERPOL Red Notices and Extradition
- How do I know if I am subject to an INTERPOL Red Notice.
Gherson has over 30 years of experience in assisting with all aspects of INTERPOL, Red Notice challenges and extradition.
Gherson can advise you in relation to all possible defences to an extradition request. We have unparalleled expertise in managing asylum and extradition requests in tandem. If you have any questions about a current or potential extradition case please do not hesitate to contact us for advice, or send us an e-mail. Don’t forget to follow us on X, Facebook, Instagram, or LinkedIn to stay-up-to-date.
Updated: 10 December 2024
The information in this blog is for general information purposes only and does not purport to be comprehensive or to provide legal advice. Whilst every effort is made to ensure the information and law is current as of the date of publication it should be stressed that, due to the passage of time, this does not necessarily reflect the present legal position. Gherson accepts no responsibility for loss which may arise from accessing or reliance on information contained in this blog. For formal advice on the current law please do not hesitate to contact Gherson. Legal advice is only provided pursuant to a written agreement, identified as such, and signed by the client and by or on behalf of Gherson.
©Gherson 2024