Thinking ahead and initiating a proactive legal step towards combating money laundering, a dedicated Money Laundering Court has been established in Dubai. The new court, which falls within the ambit of the Court of First Instance and Court of Appeal, is part of the UAE's larger effort to improve its competitiveness as an international financial centre. It comes after the announcement of the "UAE national action plan on financial crime," whose implementation will be overseen by a new executive agency dedicated to anti-money laundering and counter-terrorist funding. This move has been lauded by financial crime experts and would be part of UAE’s efforts to add more teeth to the Anti Money Laundering legal framework.