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.
Continue reading the article here…