Without prejudice to the provisions of the Anti-Money Laundering Law, whoever willfully commits any of the following acts through the use of any information network, IS, or any ITE shall be punished with imprisonment for not more than (10) ten years and a fine of not less than (AED 100,000) one hundred thousand dirhams or more than (5,000,000) five million dirhams: 1. Transferring, transporting or depositing IFFs with the intention of concealing or disguising their illegal source. 2. Concealing or disguising the truth, source, movement, rights associated with or ownership of the IFFs. 3. Acquiring, possessing or using IFFs despite knowledge of the illegality of their source. The same penalties shall be imposed to whoever creates, manages, or supervises a website or disseminates information or data on the information network or ITE to facilitate or incite the commission of any of the acts abovementioned in this Article.
Interpretation and application must be checked against the official text and current version.