The UAE has put anti-money laundering (AML) regulations in place that mandate businesses declare their Ultimate Beneficial Owner i.e. UBOs to the license-issuing authorities. Non-compliance puts businesses at the risk of facing…

Companies operate in a highly regulated business environment in the United Arab Emirates. For all companies in UAE, one of the important requirements is meeting the Ultimate Beneficial Ownership (UBO) requirements.…

The United Arab Emirates has a very strong framework of regulations when it comes to anti-money laundering (AML) and Combating the financing of terrorism (CFT) which is in line with the…

The most recent dangers to the UAE economy and the world economy are the financing of terrorism and money laundering. Failure to identify and stop money laundering exposes certain sectors of…

Running a business in the UAE is exciting with great opportunities; however, it may also be challenging to understand all legal requirements. Most businesses in UAE including DNFBPs (Designated Non-Financial…

Running a business in the UAE is an opportunity desired by thousands, but accompanies its own challenges and struggles. And one of the challenging issues for foreign-owned businesses is abiding by the…