by Danissa Guotana | Feb 3, 2023 | AML
The UAE Central Bank has imposed a fine of Dh1.8 million ($490,129) and stricter compliance requirements on a finance company for breaching the country’s laws on anti-money laundering and counter-terrorism financing (AML/CFT), and the organisation...
by Danissa Guotana | Feb 2, 2023 | Business
The UAE’s first auction of treasury bonds for 2023 received bids worth Dh6.85 billion, oversubscribing 6.2 times as investors repose trust in the Treasury Bonds programme. The first auction of the UAE T-Bond programme in 2023 witnessed a strong demand through the six...
by Danissa Guotana | Feb 2, 2023 | Corporate Tax
The Ministry of Finance (MoF) in the UAE has set the taxable income threshold for corporate tax under the new law. The decision follows the issuance of Federal Decree Law on the Taxation of Corporations and Business (the “Corporate Tax Law”) in December...
by Danissa Guotana | Jan 31, 2023 | Business
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has said that COP28 will be the most important event hosted by the nation in 2023. DIFC agrees. DIFC’s commitment to sustainability began long before...
by Danissa Guotana | Jan 30, 2023 | AML
The UAE’s executive office of Anti-Money Laundering and Countering the Financing of Terrorism has held a roundtable discussion on public-private partnerships and ways to boost collaboration to combat financial crime. Conducted in partnership with the Royal...
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