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December 13, 2024
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Ministry of Economy
NEWS DESK

Ministry of Economy: New law on combating commercial fraud bolsters UAE’s legislation and protects consumers

The Ministry of Economy (MoEc) has clarified that Federal Decree-Law No. (42) of 2023 on Combating Commercial Fraud contributes to the creation of an integrated legislation that will significantly enhance consumer rights protection and combat commercial fraud in the UAE, aligning with the best global standards. This law introduces comprehensive mechanisms and regulations
Fraudulent
Banking

Fraudulent Bank Transactions May Surge 153% By 2029

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Growing From $19 Billion In 2024 Juniper Research has released a startling report indicating a projected 153% increase in the value of fraudulent banking and money transfer transactions over the next five years. Starting from $19 billion in 2024, this forecast highlights a growing global concern for the financial sector. According to the report, fraudsters’ […]

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