ULTIMATE BENEFICIAL OWNERS (UBO) IN THE UAE: KEY LEGAL FRAMEWORK AND COMPLIANCE REQUIREMENTS
In order to enhance transparency in corporate structures by identifying and regulating beneficial owners, prevent money laundering and terrorist financing, strengthen the business environment, and ensure compliance with international standards set by organizations such as the Financial Action Task Force. Cabinet Resolution No. 58 of 2020 UAE Beneficial Owner Procedures took effect on August 28, […]





