Anti-Money Laundering (AML) Archives - Creative Tax & Accounting

28 Apr 23

Risk-Based AML/CFT Approach in the UAE: Key Elements

Risk-based vs. rule-based approach A risk-based decision-making approach is proactive and does not rely on a checkbox. A rule-based approach, on the other hand, is based on using a set of predefined rules to determine the best course of action. A rule-based approach is not adaptable to changing circumstances, whereas…

17 Mar 23

KYC Best Practices: AML in the UAE

Introduction: Money laundering is the process of disguising illegally obtained money as legal money. This is usually done by moving funds through a series of transactions, mostly involving foreign banks, in order to conceal the true origin of the money. Anti-money laundering (AML) refers to a set of laws, regulations,…

27 Jan 23

How AML Regulations Work for VASPs or Crypto Companies in UAE

Virtual Assets are booming in leaps and bounds, thanks to their growing acceptance, attractiveness, and the growing prominence of Blockchain technology in various fields. Virtual assets directly impact the financial sector and the economy in general. Intermediaries are becoming increasingly necessary as Virtual Assets move forward, providing support and facilitating…

30 Jun 22

UAE Compliance: Is Your Business Concerned?

UAE authorities are constantly implementing new regulations. It is true to say that starting a new business in the UAE has just gotten a bit more challenging with regulatory requirements at every stage. However, it is meant to keep the UAE as the safest place to conduct business. Hence, new…

31 Jan 22

3 things to consider when starting a business in UAE: Tax, Accounting & Compliance

Are you planning to start a business in the UAE? Have you already successfully launched your company? There are entrepreneurs and business owners who want to turn the risks of time, money, and effort into a vision of building a business that brings solutions for the future. But often, these…

12 Oct 21

The Ultimate Guide to Accounting, Compliance, And Tax For Expo 2020 Participants

As the first mega-event to take place after the outbreak of COVID-19, all eyes will be on Dubai as it hosts Expo 2020 in October 2021. As investors’ confidence is likely to grow as a result of the success of Expo 2020, the world is hoping for a successful event.…

27 Sep 21

Why should you pay attention to AML compliance in UAE

Oversight of the UAE’s national risk assessment process is provided by the National Committee to Combat Money Laundering and Financing of Terrorism and Illegal Organizations (NAMLCFTC). In accordance with its obligations under the Financial Action Task Force Standards, the UAE identifies and assesses money laundering and terrorist financing risks. The…

Anti-Money Laundering (AML)

Risk-Based AML/CFT Approach in the UAE: Key Elements

KYC Best Practices: AML in the UAE

How AML Regulations Work for VASPs or Crypto Companies in UAE

UAE Compliance: Is Your Business Concerned?

3 things to consider when starting a business in UAE: Tax, Accounting & Compliance

The Ultimate Guide to Accounting, Compliance, And Tax For Expo 2020 Participants

Why should you pay attention to AML compliance in UAE

Taxation of Online Businesses in the UAE

The Role of Tax Consultants for UAE Businesses

General Rules for Determining Taxable Income in the UAE

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