Jitendra Chartered Accountants Blog

You’re onboarding a new client or reviewing an old one. Everything looks fine on the surface. But what if something is missed a name on a sanctions list, a politically…

Failing to observe Targeted Financial Sanctions (TFS) rules can lead to frozen accounts, lost customers, and serious consequences. Businesses that don’t have the right screening system, database, or trained staff…

Running a business in the UAE that deals with precious metals, stones, or real estate? Then you’ve likely heard of reports like DPMSR (Dealers in Precious Metals and Stones Report) or REAR (Real Estate…

Many DNFBPs (Designated Non-Financial Businesses & Professionals) and FIs (Financial Institutions) unknowingly leave cracks in their Customer Due Diligence (CDD) systems. Over time, documents become outdated; beneficial owners stay hidden;…

Many Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE still rely on outdated methods to fight financial crimes. Such businesses include real estate brokers, dealers in precious metals, corporate…

When businesses skip proper checks on who they’re dealing with, they risk becoming a gateway for serious financial crimes like money laundering and terrorism financing. This isn’t just a legal…