Ahmad Alagbari Chartered AccountantAhmad Alagbari Chartered AccountantAhmad Alagbari Chartered Accountant
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info@aaa-cas.com

Month: June 2022

Overview UBO Regulations
15 Jun 22

Overview UBO Regulations in the United Arab Emirates

Objective & Scope of Ultimate Beneficial Owner Maintain UAE’s economic position with international requirements To regulate minimum obligations in disclosure of Beneficial Owners, Shareholders, Partners & Nominee Board Members To have effective & enduring regulatory mechanism & procedures for the beneficial owner data Who is a beneficial owner? The Cabinet…
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ESR
08 Jun 22

ESR Deadline Fast Approaching!

Overview of UAE Economic Substance Regulation Requirements. Companies in the UAE are required to conduct an annual self-assessment to determine the applicability of Economic Substance Regulations (ESR). The time for assessment has neared as the UAE entities are required to file their ESR notifications on or before June 30, 2022,…
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Crypto Currency
02 Jun 22

Cryptocurrency Money Laundering using Virtual Currency Exchanges.

Cryptocurrency Money Laundering using Virtual Currency Exchanges. According to a 2022 report from the leading blockchain analytics company Chainalysis, criminals laundered $8.6 billion in cryptocurrency in 2021, a 30% increase over the previous year. The report says, “while billions of dollars’ worth of cryptocurrency are transferred annually from illicit addresses,…
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