Dubai denies pirate money laundered in its banks

April 23rd, 2009

Associated Press

DUBAI, United Arab Emirates — An Emirati newspaper says Dubai’s deputy police chief has denied a report that pirates have laundered their ransom money through banks in the Gulf city-state.

Wednesday’s report in Al Emarat Al Youm newspaper has quoted Maj. Gen. Khamis Mattar al-Mazeina as saying Dubai has strict laws to prevent money laundering. The Arabic language newspaper has close ties to Dubai’s ruling family.

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