Dubai Police to boost global cooperation to combat cybercrimes, money laundering

Dubai Police will reach out to its global counterparts to battle cybercrimes, money laundering and drug trafficking, to ensure a safer world, authorities said.

During a panel session organised as part of the World Police Summit, top officials of Dubai Police said that their departments are making all efforts to promote innovation and skills and capabilities in the area of cybersecurity through advanced programmes and training courses, as well as introducing the latest technology and advanced tools.

During the session, police officials expressed concern about cybercrimes which led to financial losses estimated at billions of dollars to global economies. They stressed on strengthening global coordination and cooperation to fight the scourge of cybercrimes and enhance the protection of children on the Internet. The leaders also stressed on the importance of making optimal use for digital data, geographical information, and education frameworks yo stay ahead of cybercriminals

Money laundering

The participants also recommended the introduction of a mechanism to detect hidden assets and the importance of developing financial compliance frameworks for law enforcement agencies.

The panel highlighted the size and repercussions of financial crime, and the need to define the main financial transactions associated with the information of criminal organisations and report it in a timely manner, to try and nab the perpetrators and freeze their assets.

Participants discussed the path of exchanging information in this aspect and enhancing global capabilities to combat money laundering and terrorist financing.

They also agreed on "not disclosing identities in exchange for intelligence information and tracking the transactions of fraudulent currency."

The panel also discussed automating identical penalties through multiple languages, and the importance of international cooperation in identifying and combating tax evasion and money laundering by professionals.

One the sidelines