Ahmad Alagbari Chartered AccountantAhmad Alagbari Chartered AccountantAhmad Alagbari Chartered Accountant
+971 4228 7774
info@aaa-cas.com

Month: July 2022

Invoice Discounting
28 Jul 22

GUIDE TO INVOICE DISCOUNTING

What is Invoice Discounting? Invoice Discounting refers to the form of the invoice financing where the businesses borrow the money in the form of a loan from the finance company by keeping the amounts due from customers as the collateral, i.e., accounts receivable from the customer is used as the…
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WHY AND WHEN TO DO CHEQUE DISCOUNTING
27 Jul 22

WHY AND WHEN TO DO CHEQUE DISCOUNTING

WHY AND WHEN TO DO CHEQUE DISCOUNTING? Are your cheques drawn from reputable organizations? Do you need to boost your liquidity for sustained operations in your business? Cheque discounting solution enables you to access cash for your business requirements while you wait for your cheque(s) to clear. In today’s business…
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UAE Bounced Cheques
26 Jul 22

UAE Bounced Cheques and Fines: You Need to Know in 2022

In the UAE, the cheque bounce is a very frequent problem faced by people during their span in the country. Bounced cheque issues may arise in a variety of commercial transactions, including but not limited to, companies’ exchanges, bank loans, property rents or purchases and individual transactions. When the cheque…
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AML third party
22 Jul 22

AML – Third Party Money Laundering Risk

Organizations have long relied on partners, suppliers, agents, contractors and various other third-party services for competitive advantage, operational efficiency, and cost savings. However, this increasingly network of third-party relationships creates the potential for money laundering risk as well. Bad actors can use various methods to clean their money — and,…
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DUBAI Metaverse
20 Jul 22

Dubai Metaverse Strategy. How to Navigate Metaverse Economy?

Dubai Metaverse Strategy. How to Navigate Metaverse Economy. The metaverse could contribute $3 trillion (€2.8 trillion) to the global GDP within a decade if it evolves in the same way mobile technology has in terms of adoption and would lead to a 2.8 per cent contribution to global GDP by…
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AML
19 Jul 22

AML-Difference Between Structuring and Smurfing?

What is the Difference Between Structuring and Smurfing? Financial crimes, come in a variety of shapes and sizes particularly smurfing and structuring are frequent in the financial service sector. They, depending on whether they are local or international. Smurfing and structuring are two of the most prevailing forms of financial…
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VAT on Gold
04 Jul 22

VAT Public Clarification VATP029 on Gold – Making charges

VAT Public Clarification VATP029 on Gold – Making charges The Federal Tax Authority (FTA) has issued a new VAT Public Clarification VATP029 on Gold – Making Charge (“VAT Public Clarification VATP029”, “Public Clarification”) providing guidance on the application of the UAE VAT legislation regarding the fee received for the crafting…
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