Jitendra Chartered Accountants Blog

Targeted Financial Sanctions in UAE: Challenges of Sanction Screening

September 2, 2024

Ensuring compliance with Targeted Financial Sanctions (TFS) requirements in the UAE is critical for financial institutions and Designated non-Financial Businesses & Professions (DNFBPs). However, the sanctions landscape is a minefield…

Despite this status, many small businesses and startups struggle for finance and to grow as they don’t realise how important it is to have an auditors in Dubai. Many of them conduct annual financial audits in Dubai either to meet a compliance requirement or at the request of a lender.

Top Reasons Small Businesses and Startups need Auditors

September 2, 2024

Auditing

SMEs account for nearly 95% of all companies operating in Dubai, contributing to around 42% of the emirate’s GDP. That makes SMEs the backbone of Dubai’s business landscape. Despite this…

AML in UAE: Regulatory Impact on Financial Sector

August 24, 2024

Anti-Money Laundering (AML)

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 Decree-Law No. 20/2018 Anti-Money Laundering…

The Key Stages of Money Laundering and Ways to Combat it

August 19, 2024

Anti-Money Laundering (AML)

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 related regulations require…

AML in UAE: Guidelines for Filing Suspicious Transaction Reports

August 10, 2024

Anti-Money Laundering (AML)

Financial Institutions (FIs), Virtual Asset Service Providers (VASPs) and businesses classified as Designated Non-financial Businesses and Professions (DNFBPs) are required to identify suspicious transactions and report them to the relevant…

Best Practices for Setting up an AML Compliance Department in 2024

August 3, 2024

Anti-Money Laundering (AML)

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) compliance department. AML compliance department…

A Guide to External Audit Requirements in DAFZA

June 22, 2024

Auditing

If you have a company in Dubai Airport Free Zone, you must get your books of accounts audited without fail. You need to get the books of accounts audited by…

Key Bookkeeping Basics for Small Businesses in Dubai

June 22, 2024

Accounting & Bookkeeping

Small business owners and startup entrepreneurs across the world are masters at creating innovative products, delivering unique services, building effective teams, and winning over customers. However, a great majority of…

How to Wind up a Company in Dubai Outsource City Free Zone?

June 1, 2024

Liquidation

Company liquidation in Dubai Outsource City offers a robust exit strategy for business owners registered with the free zone. If you are on the brink of shutting down your business,…

Is VAT applicable to director services in the UAE? FTA offers new guidance

May 25, 2024

Tax/VAT

The applicability of Value Added Tax (VAT) on director’s services offered by natural persons in the UAE has come to the spotlight again after the Federal Tax Authority (FTA) released…

Jitendra Chartered Accountants Blog

Targeted Financial Sanctions in UAE: Challenges of Sanction Screening

Top Reasons Small Businesses and Startups need Auditors

AML in UAE: Regulatory Impact on Financial Sector

The Key Stages of Money Laundering and Ways to Combat it

AML in UAE: Guidelines for Filing Suspicious Transaction Reports

Best Practices for Setting up an AML Compliance Department in 2024

A Guide to External Audit Requirements in DAFZA

Key Bookkeeping Basics for Small Businesses in Dubai

How to Wind up a Company in Dubai Outsource City Free Zone?

Is VAT applicable to director services in the UAE? FTA offers new guidance

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