The financial and legal departments in the UAE play a pivotal role in combating money laundering (ML) and terrorism financing (TF). Accountants and other legal advisors, among other professionals, are, through UAE laws, bound by strict Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) frameworks to mitigate financial crime risks. Also read: UAE AML/CTF Compliance This … Read more
While the UAE is taking a step towards being a global financial technology hub, its rapid emergence of cryptocurrency brings with it new challenges, primarily in terms of anti-money laundering (AML) and other related financial crimes. As such, several initiatives have been taken by the UAE government to include Anti-Money Laundering provisions within the cryptocurrency … Read more
The United Arab Emirates (UAE) has established a sound framework in the fight against money laundering and financing terrorism (AML/CTF), firmly based on international standards to maintain the integrity of the financial system. The article below provides an overview of the UAE’s AML/CTF compliance requirements, emphasizing the main regulations, compliance obligations, and the penalties for … Read more
Naming a company is strenuous for it will define your organization for as long as it runs. It may bring the company to success or not as it bears the name that you have trademarked for it. It is always helpful though to have some sort of help. Or a simple guide when it comes … Read more
Starting a business requires a lot of planning but more planning is required before setting your mind on starting a new business in UAE. With so many opportunities and facilities, there come so many other responsibilities as well. When you start a business, there are so many other things that you need to consider to … Read more
You might have seen the symbols TM, R, or C written on different things and brands. they all are used differently for different purposes. The main thing that is common in them is that they are all related to the intellectual property. People use these symbols t show the status of intellectual property whether it … Read more
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