Digital currency, or cryptocurrency, is an alternative payment method developed with encryption methods. Encryption technology enables cryptocurrencies to act as both a currency and a virtual accounting system. The use and...more
The advent and rise of cryptocurrency have been a disruptor to the traditional currency system. Even outside the virtual aspect of the currency, the concept is novel due to its accessibility and the level of anonymity...more
2/17/2025
/ AML/CFT ,
Anti-Money Laundering ,
Central Bank Digital Currency (CBDCs) ,
Compliance ,
Cryptocurrency ,
Financial Crimes ,
Financial Regulatory Reform ,
Financial Services Industry ,
Money Laundering ,
Regulatory Requirements ,
Virtual Currency
The Emirate of Dubai has recently passed new amendments to the existing “Dubai Law No. 4/2018 on the Establishment of the Financial Audit Authority” (“LAW”). As per the new amendments, financial fraud and misconduct in...more
1/27/2025
/ Anti-Money Laundering ,
Asset Freeze ,
Audits ,
Corporate Governance ,
Dubai ,
Enforcement Actions ,
Financial Crimes ,
Fraud ,
Government Entities ,
Misappropriation ,
Penalties ,
Public Funds ,
Regulatory Reform ,
Regulatory Requirements ,
Travel Ban ,
United Arab Emirates (UAE)
The UAE has reinforced its commitment to combating financial crime with significant updates to its anti-money laundering (AML) legislation. Federal Decree-Law No. 20/2018, which originally established the framework for...more
In recent years, the global economy has witnessed the popularity and adoption of cryptocurrencies, with Dubai emerging as a notable player in this digital financial landscape. As the market for virtual assets continues to...more
In the dynamic world of finance, where businesses seek expert guidance on budgeting, debt management, and fundraising, financial advisors play an essential role. In the UAE, the Securities & Commodity Authority (SCA) has...more
The UAE has demonstrated a strong commitment to combating money laundering, terrorist financing and the financing of unlawful organizations. This commitment is reinforced by Federal Decree-Law No. 20/2018 and its amendments,...more
The UAE is committed to ensuring the safety and security of its citizens and residents through a series of strategic initiatives. These efforts encompass various aspects of law enforcement, public engagement, and legal...more
9/12/2023
/ Anti-Money Laundering ,
Criminal Mischief ,
Criminal Penalties ,
Cyber Crimes ,
Cybersecurity ,
Financial Services Industry ,
Hackers ,
Illegal Drugs ,
Police ,
Popular ,
Public Safety ,
Safety Laws ,
United Arab Emirates (UAE)