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Heavy fine for bogus economic licences in AD
September 07, 2017
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ABU DHABI: Abu Dhabi Department of Economic Development has toughened penalties against entities using bogus economic licences to Dhs50,000, in addition to blacklisting violators with regard to the same.

“Using fake licences is a significant threat to economic activities and anti-counterfeiting measures have to be harshened to put an end to such practices,” said Khalifa Bin Salim Al Mansouri, Acting Undersecretary of DED, noting that the DED has intensified field inspection campaigns over the past period to ensure compliance with all relevant rules and regulations.

“A joint taskforce has been formed and led by DED with the participation of the Ministry of Human Resources and Emiratisation as well as the General Directorate of Residence and Foreigners Affairs to uncover such practices and ensure legal framework for all residents in the country,” he added.

WAM

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