Dubai: The UAE security forces have arrested a number of hawala operators following a major crackdown launched last week, sources said. A Dubai Police statement confirmed the action.
"Police officials have rounded up a number of hawala operators from Deira and shut down their operations. Some of the offices were located near the Gold Souq and Murshid Bazaar," a source told Gulf News.
A Dubai Police statement said the authorities have apprehended a criminal organisation involved in money laundering operations.
It confirmed that a group involving Asian, European and American citizens have misused financial institutions, "assisted by some staff to conceal such crimes, against commissions".
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