by admin | Jul 6, 2021 | UBO
Ministry of Economy warned on Monday that imposition of fines up to Dh100,000 and other penalties for non-compliance with the “ultimate beneficiary owner (UBO) procedures” will begin from July 8. It has already begun implementing the first phase of administrative...
by admin | Jun 24, 2021 | UBO
A crucial step to improve transparency within the economy and effectively prevent money laundering – more steps taken to ensure compliance with ultimate beneficiary ownership procedures. “The submission of ultimate beneficial owner data is a necessary step...
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