Whistleblowing has become an increasingly critical aspect of corporate governance and compliance, especially for multinational companies operating across diverse legal and regulatory landscapes. We see increased efforts by...more
2/6/2025
/ Artificial Intelligence ,
CFTC ,
Compliance ,
Corporate Governance ,
Cross-Border ,
Cybersecurity ,
Department of Justice (DOJ) ,
Environmental Social & Governance (ESG) ,
EU ,
FinCEN ,
Investigations ,
Securities and Exchange Commission (SEC) ,
UK ,
United Arab Emirates (UAE) ,
Whistleblower Awards ,
Whistleblower Protection Policies ,
Whistleblowers ,
White Collar Crimes
The UAE has continued to implement significant legislative and structural reforms during 2024 in areas including financial crime compliance, whistleblowing, and virtual assets regulation.
These improvements demonstrate the...more
1/28/2025
/ AML/CFT ,
Anti-Money Laundering ,
Compliance ,
Cryptocurrency ,
DFSA ,
Digital Assets ,
Enforcement Actions ,
FATF ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investigations ,
Legislative Agendas ,
Money Laundering ,
New Legislation ,
Regulatory Agenda ,
Regulatory Reform ,
United Arab Emirates (UAE) ,
Whistleblower Protection Policies ,
Whistleblowers
The UAE announced a new ‘National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing for 2024 – 2027’ (the National Strategy) in September 2024. This will affect not only UAE...more
The onshore Dubai Court of Cassation (Commercial Appeal No. 735 of 2024, dated October 29, 2024) has held that a unilateral option to arbitrate, included within an asymmetrical jurisdiction clause, did not constitute a...more
The UAE has recently revised its federal Arbitration Law through Federal Decree No. (15) of 2023, which came into force on 16 September 2023.
This revision comes five years after the UAE introduced the federal Arbitration...more
Summary -
In June 2023, the Financial Action Task Force (FATF) issued a report addressing the progress made by the UAE in improving its level of compliance with the FATF Standards, since the FATF’s previous Mutual...more
On April 4, 2023 the United States imposed sanctions on two Lebanese businessmen, brothers Raymond Zina Rahme and Teddy Zina Rahme (the Rahme Brothers), and three of their owned companies, ZR Energy DMCC, ZR Group SAL...more
The DIFC Court of First Instance determined it had jurisdiction to grant injunctive relief in support of an ongoing dispute in onshore Dubai....more
The UAE Ministry of Justice (MOJ) has issued a letter to the Dubai Courts dated 13 September 2022 which confirms that English Court judgments meet the grounds of reciprocity for enforcement in the onshore UAE Courts....more
The Dubai International Arbitration Centre (the DIAC) and the London Court of International Arbitration (the LCIA) have now reached an agreement which should help to resolve a number of uncertainties that resulted from Dubai...more
The Dubai International Arbitration Centre (DIAC) has revised its arbitration rules for the first time since 2007. The new Rules, which enter into force on 21 March 2022, are intended to modernise and increase the efficiency...more