Q: I believe that I am a victim of a crypto scam. I met a girl on tinder on 17/06/21 and after talking, we exchanged numbers. She onboarded me to Binance using step-by-step screenshots, helping me to set up an account. She then asked me to set up an account on another platform which I now believe is a fake platform. Over a period of three months, she consistently encouraged me to deposit more and more money, and I was making huge returns. In total, I deposited around 250k USD and supposedly had returns of 850k USD. But just recently when I tried to withdraw some of this, my withdrawal was declined and customer services told me I had to pay 150k USD in tax in order to access these funds. I was very suspicious now and refused to pay. It was at this point that customer service stopped replying to me. I hope I can recoup some of the losses and this person can be brought to justice.

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 was a victim of a crypto-scam and have tried to file a police report on multiple occasions. However, they continue to reject my complaint. Can this be filed by a legal representative? Perhaps they will take it more seriously.

Q: Dear Sir/Madam, I started online trading on behalf of a woman. With her trust, I made around 15 transactions totaling approximately 67,480 AED to a local person in the UAE, but I feel that it was a scam. Now, I want to recover my money. How can I do that?

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 Dubai and operated by Chinese people. I have invested 100k AED into it. When I wanted to withdraw money, the customer service said that I needed to pay IRS taxes on the profit amount. After paying IRS 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 30% of my account amount (8k USD) within a week to prove that I didn't launder money, or it will be frozen and they will report me to the FI dept. 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. Do I report to the police now?

Q: Dear Sir/Madam, There's a guy who scammed me out of 150k AED with false documents. There's already a criminal case ongoing against him; however, I wasn't aware of it at the time of the dealing. Every time I tried to sort things out with him, he made me wait for hours and didn't show up. In short, he gave me false hopes, and now he's been completely out of touch for 4 months. When we were finally able to contact him, my wife sent him abusive messages out of frustration because he was spreading lies about us. Now, with all the evidence I have, I want to file a civil case against him. Could the abusive messages my wife sent backfire in any way? I have all the documents he gave, along with some voice notes where he clearly states that he scammed us with false documents. But this guy is very shrewd. He verbally abused me and my wife in person but I don't have proof of it.

Q: DeFi was going to be the future of finance, open, trustless, unstoppable. I was completely on board, planting yields like some kind of digital Johnny Appleseed. My collateral secured with Bitcoin was humming along on my favorite lending platform, earning me passive income while I slept. In came the flash loan attack. One moment, I had six figures securely staked; the next, my positions were liquidated at the speed of regret. My loans, my collateral, my well-thought-out portfolio, poof. Panic came faster than an Ethereum gas spike. I scanned Twitter, hoping it was FUD. Not a chance. Smart contract compromised. Funds stolen. The protocol team acted swiftly to do something, but damage was already done.

Q: I lost approx. 22000 USDT in an online crypto scam. I made a complaint to the Umm Al Quwain police station. However, they said they cannot recover the money. Is there any proper agency that can help me recover the money?

The new law is applicable to all entities dealing with virtual assets that are set up on the mainland as well as free zones, including special development zones. However, it does not apply to the Dubai International Financial Center (DIFC), which will have its own set of rules and regulations governing all virtual assets entities registered with the DIFC.

مع صدور قرار مجلس الوزراء رقم (58) لسنة (2020) في شان تنظيم إجراءات المستفيد الحقيقي، ومدى مساهمته في الحد من جريمة غسيل الأموال و تمويل الإرهاب، لا بد بدايةً من معرفة مفهوم غسيل الأموال و تمويل الإرهاب. تُعرَّف عملية غسل الأموال بأنها كل معاملة مالية أو مصرفية تهدف إلى إخفاء أو تغيير هوية الأموال المتحصلة بطرق غير قانونية، وذلك بتمريرها عبر النظام المالي والمصرفي لكي تظهر على أنها نابعة من مصادر شرعية، و من ثَمَّ إعادة ضخها واستثمارها بشكل قانوني مغاير لحقيقتها.

Blackwater International, a leading private security and investigative company, has established a reputation for handling complex and high-stakes operations. One of the most challenging areas the company has ventured into is cryptocurrency asset recovery. This case study explores a recent successful recovery operation conducted by Blackwater International, highlighting their methodology, challenges faced, and the impact of their efforts.

This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.

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.