Non-Compliance in AML/CFT Rules: Company Fined for AED 1.2 million – Stay Informed
Introduction: In a significant development aligning with Federal Decree-Law No.20/2018 on Combating Money Laundering Crimes, the Financing of Terrorism, and the Financing of Unlawful Organizations,
Understanding the Ultimate Beneficial Owner in UAE Businesses: Insights from Cabinet Decisions No. 109/2023 and No. 132/2023
In recent years, the UAE has taken significant steps to enhance transparency and combat financial crimes within its business landscape.
Ensuring Transparency: The Significance of UAE’s Updated Procurement Laws
Introduction: In a significant step aimed at strengthening the safety and transparency of government procurement processes, the UAE has implemented extensive legislative changes through Federal Law No. 11/2023 Concerning Procurement in the Federal Government.
Regulating Unlicensed Virtual Asset Providers: A Comprehensive Guide
Introduction: In recent years, the world has witnessed rapid growth in the popularity and adoption of virtual assets, including cryptocurrencies, non-fungible tokens (NFTs), and various other digital assets.
Key Laws that Combat Money Laundering and Terrorism Financing in UAE Business
Introduction: The UAE has implemented measures to combat money laundering, terrorism financing, and the financing of unlawful organizations, with Federal Decree-Law No. 20/2018 serving as a pivotal legislation in this regard.
Changes to Labour Complaint Process: MOHRE Now Making Decisions
In a significant update to the regulation of labour relations, the Ministry of Human Resources and Emiratisation (MOHRE) has been authorized to make decisions in individual labour disputes.
A Comprehensive Overview of the 2023 Commercial Fraud Law
Introduction: UAE introduces Federal Decree-Law No. 42/2023 to Combat Commercial Fraud, repealing Federal Law No. 19/2016, and emphasizing a comprehensive legal framework.
Are Online Threats a Serious Crime? A Look into UAE Cybercrime Laws
Introduction: In the age of the internet, where communication and interaction occur digitally, the frequency of online threats and cybercrimes has become a growing concern for governments worldwide.
Extradition Process Between the UAE and Denmark
Introduction: Extradition is a legal process through which one country surrenders an individual to another country for prosecution or punishment for crimes committed in the requesting country.
Part-Time Employment Under the UAE Labour Law: Understanding Rights and Regulations
Introduction: Part-time employment is becoming increasingly common in the modern workforce, offering flexibility for both employers and workers.