Money Laundering describes a range of practices used to disguise the source of illicit profits and integrate them into the legitimate economy. This process is of critical importance, as it enables the criminal to enjoy these profits without jeopardizing their source. The main aim of the paper is to identify and analyze a significant change to cope up with the money laundering schemes, which is taking place in different countries, and to determine the risk factor that is associated with them in the recent past. The purpose of the study is also to investigate how UAE is able to combat with money laundering activities by implementing the anti-money laundering (AML) regime and how special unit of AML are implemented for the aforementioned purpose. The findings of the present research study shows that there is a substantial transformation that could be seen in reducing the money laundering schemes which had been taking place in various countries over the years. The research study also shows that UAE has passed over the expectation of promoting stability and improving foreign investment or trade in the country by strictly abiding to launch measures to compete with money laundering activities.
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