Q: Someone gave me two cheques for AED 80000 and disappeared with my cash. I have found that his bank account closed but also he is on run under some fraud investigation in the UAE and in Oman at the moment. Could you please advise me how to recover my funds from him?

Q: Hello all, I am based in the UAE, however, I have been scammed by a CFD trading broker called (........) based in the UK (they claim to be based in the UK). Their site is down now and they have deleted all the communication channels. However, I found that they have hosted the same site on a different domain. I have lost more than $210,000 dollars. The total withdrawal amount was close to $500,000. When I tried to withdraw my funds from the platform, they asked for more funds as tax payment and after I paid those, they kept on bringing new issues and asking for more funds. When I declined their request on WhatsApp and told them that I will report to the police and file cases, they seem unmoved by these. They even told me to go and report them and they don't care. Please let me know the actions I can take against those fraudsters. I really don’t want to let them escape this easily especially with our hard-earned money. Kindly let me know if there is a way to recover my funds.

Q: What is the best way to recover money from a cryptocurrency exchange scam? The platform I'm using to trade cryptocurrency is based in Singapore but operated by Chinese people. I have invested 150k AED into it, coming all from my credit cards. When I wanted to withdraw money, the customer service said that I need to pay taxes on the profit amount. After paying taxes to them, they are now saying the financial intelligence department found that my account is abnormal and suspected of money laundering due to recent frequent trades and excessive txn volume. They want me to deposit 20% of my account amt (10k USD) within a week to prove that I didn't launder money, or it will be frozen and will report me to the FI dept. Can you please advise if this is legal according to the laws and regulations of Singapore? I don't have money anymore to pay them and I think it's just a scam. The platform recently had the system upgraded and changed; no license, no t&cs, no physical address, no phone number. Shall I report to the police now?

Q: I am writing regarding a serious case of fraud and professional misconduct that has left me in a critical situation. I have been defrauded of more than 100,000 AED (approximately 25,000 EUR based on 2021 exchange rates) by three individuals.

This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

The law promulgates UAE Civil Procedures Code (Civil Procedure Law) which governs civil procedures in the United Arab Emirates, including the prosecution before the courts, litigation and execution.

The law defines the crimes related to money laundering, commitments and the jurisdictions of the governmental authorities, and the sanctions against perpetrators of money laundering.