Financial Crime
Financial Crime Lawyers in UAE
Any non-violent offense that results in a financial loss is considered as a financial crime. The committed act is by or against a corporation or a person. There are many types of financial crimes that are committed by people all over the world. These crimes affect the economy of a country negatively because of the loss of money due to those acts. The consequences that come with it are not simply a handful but also enormous. Aside from the loss of revenue of the person or organization that a financial crime was acted against, the criminals who committed the crimes will be more empowered, corruption might even boom in the industry and there can be distortion in the economy.
A financial crime attorney is usually called and appointed by people to take care of this kind of cases. With the stress that it brings, it is better to have someone to handle it and deal with the processing that needs to be done to ensure that the happening has been investigated and the culprit is caught with the help of a criminal defense lawyer.
Anywhere in the world, financial crime is of a great concern for governments because of its impact. Its threat is vast and immense towards the development of a country. This is why criminal lawyers in Dubai are available to provide services to the people and companies in the industry of business to avoid any types of financial crimes to happen, resulting in their financial loss.
Types of Financial Crime in the Business Industry
Embezzlement
This is basically the act of stealing money or assets from a person that was entrusted to those. This usually happens inside an organization. An example would be when an accountant who is assigned to petty cash and such uses it for personal purposes.
They might not appear often in the news because most businessmen are ashamed of that kind of circumstance that befalls their firms.
Identity Theft
Quite simply, this is the act of using the information of another person to obtain assets or money. An example would be stealing the credit card or bank information of a person to make purchases unbeknownst to the person.
The magnitude of this crime depends on how many times this offense was committed and the amount that was stolen by the criminal.
Credit Card Fraud
This is connected with the above, wherein someone else gets a hold of the information of a person’s credit card in order for him to use it without the owner knowing or finding out about it later than he should.
For this kind of crime to happen, the criminal only needs to have the information not to steal the card itself. The gravity of the penalties ranges from one jurisdiction to another.
Insurance Fraud
It can also be a fraud when a person tries to claim that an accident occurred in order to be granted an insurance benefit or when the person makes inaccurate statements for the sole purpose of having financial gain.
This type of crime also constitutes penalties that range depending on the country where it happens.
Money Laundering
This is a criminal activity wherein the true origin of an illegally obtained money is hidden or concealed to make it look it was from a legitimate source. With this, the person can get away from the criminal act that he has committed.
The name money laundering is simply derived from the act itself because it is an immoral or unclean deed that is laundered or cleaned by the process of concealing it to make it appear as a clean act.
Financial Crime Investigator in UAE
HHS Lawyers and Legal Consultants is one of the leading financial crime investigation firm that have a team of top criminal lawyers in Dubai and criminal lawyers in Abu Dhabi. With 10 years of experience, we are able to understand the risks of financial crimes your organizations have faced and we are well proficient in providing bold solutions.
We have developed an in-depth mechanism that provides tools for identifying, assessing, mitigating, managing and monitoring risks. Depending on the type of the industry and size of your organization, we would be able to tailor the solutions that exactly fit your organization. With one of the best criminal lawyers on your side, you can be sure of your financial safety.
The Importance of Financial Crime Lawyers in the UAE
The cases of financial crimes are very complex and require deep knowledge, not only of UAE law but also of international regulations. A financial crime lawyer provides significant assistance in several ways:
- Expert Legal Representation: Financial crime lawyers work mainly on representing individuals charged with financial crimes. They examine the facts of the case, develop effective strategies for each case and go ahead to represent the clients in courts while protecting the rights of such clients through every process.
- Compliance and Advisory Services: Apart from the defense in charges, financial crime lawyers help companies and individual clients stay compliant with the laws and regulations of the UAE. They support and offer advice on compliance programs, including risk assessment and internal controls, to avoid financial crime and legal consequences.
- Negotiation and Settlement: Financial crime lawyers have negotiated reductions of penalties or settlements with regulatory authorities. They work very hard to protect the reputation of their clients and reduce financial and legal risk.
- Cross-Border Legal Expertise: Considering that the majority of financial crimes involve transactions across borders, international law plays a huge role. UAE financial crime lawyers have the necessary experience to deal with multiple jurisdictions and offer compliance under both local and international laws.
Why Choose HHS Lawyers for Financial Crime Legal Services?
At HHS Lawyers in Dubai, financial crimes are taken very seriously. Our lawyers experienced in the field of financial crime in the UAE are committed to giving appropriate, individual support to meet your needs. Here is how we can help:
- In-Depth Knowledge: Our lawyers have a great understanding of UAE financial crime law, the regulatory requirements, and the judicial procedures. We keep ourselves updated with the latest developments in legislation to provide, with accuracy, timely legal advice to our clients.
- Tailored Legal Representation: No two cases of financial crime are alike. We work to understand your unique needs and situation so that we can tailor-make legal strategies that will most appropriately address your issues and concerns.
- Strong Legal Defense: Experienced lawyers in cases of financial crime are therefore better placed to contact the regulatory authority with a view to negotiating reduced penalties or settlements for their clients. They work relentlessly in safeguarding their clients’ reputations, minimizing financial and legal risks.
- Discreet and Confidential Service: We understand the nature of financial crime cases and offer our clients discreet and confidential legal service. Your privacy is paramount to us, and we confirm legal matters are handled and taken care of with the best professional ways of maintaining confidentiality.
How HHS Lawyers in Dubai Can Assist You
If you are facing financial crime charges, it is not easy. However, you need not step through the legal proceedings alone. On your side and at each step of the process, the HHS Lawyers in Dubai, experienced financial crime lawyers, will walk beside you. We give expert legal advice, robust defense strategies, and comprehensive support to help you get out with the best possible outcome.
Be it protection against allegations, regulatory compliance, or mitigating legal risks, our team is right behind our clients. Let the legal team at HHS protect your rights, reputation, and future.
Contact us today for a consultation with our UAE Financial Crime Lawyers. Let us provide the legal representation you need to secure a positive resolution to your case.
Our HHS Financial Crime Investigator Services include but not limited to the following:
- Assist legal entities and individuals in a criminal investigation
- Protect our client interests before public prosecution, police, and courts
- Investigating corporate fraud and embezzlement
- Anti-money laundering
- Assets tracing and recovery
- International judicial cooperation
- Liaising with the INTERPOL
- Advising on global sanction
- Advising clients on the local and regional financial laws and regulations
- Defending and representing clients before court and prosecution
