MoE’s Laws and Regulations

The provisions of this federal law apply to whomever commits an act of commercial fraud, with free zones in the UAE being no exception. The law identifies the types of commercial fraud, the responsibilities of merchants, the functions and mandates of competent authorities, as well as pertinent penalties and penalisation. Pursuant to the provisions of this law, the Higher Committee for Combating Commercial Fraud was established – under the Ministry of Economy – chaired by the ministry undersecretary and includes the membership of representatives from competent authorities. The committee is primarily mandated with proposing strategies and policies for combating commercial fraud, examining the commercial fraud reports referred to it by the competent authority and actioning as needed, examining the obstacles facing implementation of the law and proposing remedial mechanisms; as well as issuing the regulations for the work of sub-committees and any other relevant tasks assigned to it.