by Danissa Guotana | Aug 8, 2023 | AML
The UAE’s Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) has held a workshop with the World Bank to boost its framework against financial crimes, The event this week was the second workshop of the...
by Danissa Guotana | Aug 4, 2023 | Corporate Tax
The UAE’s Ministry of Finance has announced the issuance of Cabinet Decision No. (75) of 2023 regarding administrative penalties for violations related to the Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses. The decision specifies...
by Danissa Guotana | Aug 2, 2023 | AML
The Dubai Financial Services Authority (DFSA) on Tuesday said it imposed a fine of $3.02 million Dh11.1 million) on the bank Mirabaud (Middle East) Limited for having inadequate anti-money laundering (AML) systems and controls between June 2018 and October 2021. The...
by Danissa Guotana | Jul 31, 2023 | AML
The UAE is to establish federal prosecution offices dedicated to money laundering and other economic crimes. The directive – which was proposed by the Attorney General – was approved by the Federal Judicial Council, chaired by Minister of Justice, Abdullah...
by Danissa Guotana | Jul 28, 2023 | Business
The government of Dubai is actively exploring the application of ‘common law’ within the emirate’s free zones to bolster the city’s business ecosystem and enhance its global appeal and efficiency. The potential adoption aims to complement the emirate’s future-forward...
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