What to Do If an Unknown Amount Is Credited to Your UAE Bank Account?
Introduction
Have you ever received an unexpected credit in your UAE bank account? While it may seem like a pleasant surprise, using or keeping unknown funds can lead to serious legal consequences in the UAE. Under UAE Penal Code and Anti-Money Laundering (AML) laws, you may face charges of illegal enrichment, theft, or even money laundering if you do not take immediate action.
In this guide, our experienced UAE lawyers explain the exact steps you should take to protect yourself legally.
Why Is It Important to Act Immediately?
The UAE has strict financial regulations to prevent fraud and money laundering. Retaining or using funds that do not belong to you can result in:
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- Up to 2 years of imprisonment and/or heavy fines (Article 404, UAE Penal Code).
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- Money laundering charges under Federal Decree-Law No. 20 of 2018, even if you were unaware of the source.
7 Legal Steps to Take If You Receive an Unknown Credit
✅ 1. Do Not Spend or Withdraw the Money
Using the money, even temporarily, is a criminal offense. Treat the amount as frozen until your bank clarifies the situation.
✅ 2. Notify Your Bank Immediately
Contact your bank through its official channels (branch, email, or helpline) and report the unauthorized credit. Always request written confirmation of your report.
✅ 3. Ask the Bank to Investigate
Your bank will trace the source of the funds and contact the sender or the sender’s bank to reverse the transaction.
✅ 4. File a Police Complaint if Required
If the bank suspects fraud, you may need to file a police complaint to safeguard yourself from future liability.
✅ 5. Cooperate With Authorities
Provide Emirates ID, bank statements, and any requested documents to the bank, police, or Central Bank of the UAE.
✅ 6. Keep Detailed Records
Save all emails, bank statements, and police reports as evidence of your good faith.
✅ 7. Do Not Contact the Sender Directly
Returning the money privately can expose you to fraud risks. Always let the bank handle the reversal.
What Happens If You Ignore the Situation?
Failing to report the issue or using the money may result in:
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- Theft or misappropriation charges.
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- Money laundering investigations.
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- Travel bans or account freezing.
How Our Lawyers Can Help
Our experienced banking and financial crime lawyers in Dubai and Abu Dhabi can:
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- Assist you in reporting to banks and authorities.
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- Draft legal responses to police or financial investigations.
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- Defend you in case of any legal complications.
Contact Us Today
If you have received an unknown amount in your bank account, act now to protect yourself from criminal liability.
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