SPOTLIGHT ON INVENTORY FRAUD WARNING SIGNS AND PREVENTIVE MEASURES

Inventory is one of the main targets of fraud. Some companies are more at risk than others for instance retail...

GUIDE TO SPOT INVOICE FRAUD AND ITS PREVENTION

Fraud can happen at any time and to any company. Do you know the ways to protect yourself and your...

KEY ELEMENTS OF EFFECTIVE AML TRANSACTION MONITORING

Transaction monitoring is a key part in the defense against money laundering and financial crime. It is the process of...

DIAGNOSE HEALTH OF THE AML TRANSACTION MONITORING- WELLS FARGO UNIT FINED $7M FOR FAILURES

The requirement to undertake transaction monitoring evolved because of anti-money laundering (AML) legislation and its importance has been magnified and...

IDENTITY THEFT AND FRAUD AND HOW TO PREVENT THEM

Society’s growing reliance on technology to transfer private information has created more opportunities for identity thieves to access and misuse...

UAE CT REGIME: EXPECTED TRANSFER PRICING IMPACT, TP RULES, METHODS & DOCUMENTATION REQUIREMENTS

With the introduction of a corporate income tax. The UAE CT regime is expected to introduce TP rules and TP...

NEW DUBAI REAL ESTATE LAW TO BOOST PROPERTY INVESTMENTS

Property is a vital sector of Dubai’s economy that has been performing well. In June 2022, the Dubai real estate...

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...

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...

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....

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...

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...

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...

EXTP007-Excise Tax Public Clarification on deficient or missing goods within a Designated Zone and Excise Tax relief Process

EXTP007 -Excise Tax Public Clarification on deficient or missing goods within a Designated Zone and the process destruction of Excise...

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...

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...

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...

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...

Whistleblowing Benefits for Organizations

The most powerful weapon against fraud is not an algorithm or a checklist but a whistleblower.” -The Economist What Is...

Wash Trading and Money Laundering in NFTs

In the last one-year, non-fungible tokens (NFTs) have gained popularity between brands as well as consumers. Chainalysis – blockchain data...

Top 4 Anti-Money Laundering (AML) Trends in 2022

As the technology continues to offer endless possibilities, it is likely that the financial criminals will discover new methods to...

Top Technology Trend in 2022

In today’s fast-paced life, technology has taken the rein of the world and emerged rapidly. The rate at which technology...

What You Need to Know About UAE Virtual Assets Law?

On 28 February 2022, the Ruler of Dubai issued Law No.4 of 2022 on the Regulation of Virtual Assets (the...

Administration of Corporate Tax- Under UAE Corporate Tax Law Consultation Document

𝐀𝐃𝐌𝐈𝐍𝐈𝐒𝐓𝐑𝐀𝐓𝐈𝐎𝐍 𝐎𝐅 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐓𝐀𝐗 |  𝐔𝐀𝐄  𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐓𝐀𝐗 𝐋𝐀𝐖 |  𝐂𝐎𝐍𝐒𝐔𝐋𝐓𝐀𝐓𝐈𝐎𝐍 𝐃𝐎𝐂𝐔𝐌𝐄𝐍𝐓On 31 January 2022, the UAE Ministry of Finance...

Tax Group Key Features- Under UAE Corporate Tax Law Consultation Document

𝐓𝐀𝐗 𝐆𝐑𝐎𝐔𝐏 𝐊𝐄𝐘 𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐔𝐀𝐄  𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐓𝐀𝐗 𝐋𝐀𝐖 𝐂𝐎𝐍𝐒𝐔𝐋𝐓𝐀𝐓𝐈𝐎𝐍 𝐃𝐎𝐂𝐔𝐌𝐄𝐍𝐓 On 31 January 2022, the UAE Ministry of Finance announced...

Calculation of Taxable Income and Exemption under UAE Corporate Tax Law Consultation Document

𝐔𝐀𝐄  𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐓𝐀𝐗 𝐋𝐀𝐖 𝐂𝐎𝐍𝐒𝐔𝐋𝐓𝐀𝐓𝐈𝐎𝐍 𝐃𝐎𝐂𝐔𝐌𝐄𝐍𝐓 𝐊𝐄𝐘 𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 Calculation of Taxable Income Exemptions On 31 January 2022, the UAE Ministry...

PROPOSED UAE CORPORATE TAX LAW FREE ZONE COMPANIES

𝐔𝐀𝐄  ð‚𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐓𝐀𝐗 𝐋𝐀𝐖𝐅𝐑𝐄𝐄 𝐙𝐎𝐍𝐄 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒𝐂𝐎𝐍𝐒𝐔𝐋𝐓𝐀𝐓𝐈𝐎𝐍 𝐃𝐎𝐂𝐔𝐌𝐄𝐍𝐓 UAE Ministry of Finance has released a public consultation document on UAE Corporate...