AML Compliance in UAE: Best Practices for Real Estate Agents in UAE
The real estate industry is classified as DNFBP (designated non-financial businesses and professions) under the AML law in UAE, and it is a highly vulnerable industry... Read more.
UAE Cancels ESR Reporting Requirements for Entities
The UAE has introduced key changes to the country’s Economic Substance Regulations (ESR) by releasing the Cabinet of Ministers Decision No. (98) of 2024, which... Read more.
How to Liquidate Mainland Companies in Dubai?
No matter what type of business you own, you must follow certain steps and requirements to liquidate your company in Dubai. Voluntary liquidation of a Dubai Mainland... Read more.
AML in UAE: Regulatory Impact on Financial Sector
The UAE has shown a strong commitment to combat crimes related to money laundering and financing of terrorism (ML-FT) by enacting robust regulations. The Federal... Read more.
The Key Stages of Money Laundering and Ways to Combat it
The UAE has a strong law and framework to combat the menace of money laundering and financing of terrorism (ML/FT). The UAE’s Anti-Money Laundering (AML) law and... Read more.
AML in UAE: Guidelines for Filing Suspicious Transaction Reports
Financial Institutions (FIs), Virtual Asset Service Providers (VASPs) and businesses classified as Designated Non-financial Businesses and Professions (DNFBPs) are... Read more.
Best Practices for Setting up an AML Compliance Department in 2024
Businesses that are highly exposed to crimes of money laundering and financing of terrorism (ML/TF) are advised to set up an in-house Anti-money Laundering (AML)... Read more.
ESR Notification Deadline Looms: A 2024 Guide for Businesses
The UAE implemented the Economic Substance Regulations (ESR) as a step towards preventing harmful tax practices and enhancing tax transparency. The implementation... Read more.
What are the PEP identification Requirements under AML in UAE?
Customers who are Politically Exposed Persons (PEPs) or relatives of PEPs pose a high risk to businesses from an Anti-Money Laundering and Combating the Financing... Read more.
Benefits of Voluntary Company Liquidation ADGM
If you are planning to shut down the operations of your company in the Abu Dhabi Global Market (ADGM), voluntary liquidation is the best exit strategy. The process... Read more.
