Jitendra Chartered Accountants Blog

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 Over time, documents become outdated; beneficial owners stay hidden;…

Many Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE still rely on outdated methods to fight financial crimes.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…

Money laundering and terrorism financing are serious threats. In the UAE, companies are under a legal obligation to combat them. Nevertheless, meeting these legal requirements can be challenging without the…