Anti Money Laundering (AML) System in UAE — What is it?

Money Laundering Money laundering is an increasing problem in the world, despite the legal authorities trying their absolute best to combat against crimes of these sorts. Just like any other country, the UAE maintains a strong Anti Money Laundering (AML) system in an effort to protect against the possibility of money laundering and terrorist financing. […]

Ultimate Beneficiary Owners — What is it?

Ultimate Beneficiary Owners – Deadline 30th June 2021: The United Arab of Emirates has replaced Cabinet Resolution #34 of 2020 with Cabinet Resolution #58 of 2020 which regulates Beneficial Owner Procedures (herein referred to as the “Resolution”). The Resolution covers the updated requirements for the registered entities in UAE to disclose their Real Beneficiary Data or Ultimate Beneficial Owners to […]