• Federal Tax Authority, Etihad Credit Bureau tie up to boost tax compliance

    Dubai, UAE--The Federal Tax Authority (FTA) has signed an agreement with Etihad Credit Bureau to enhance tax compliance in the UAE. The agreement aims to establish an electronic link between the two entities, enabling the Authority to directly access credit reports provided by the Bureau, using them to strengthen compliance...

  • ‘UAE’s compliance level high in anti-money laundering’

    She adds that the Ministry’s participation in this workshop forms part of its commitment to fostering regional and international cooperation and facilitating the exchange of expertise with partners, thus contributing to establishing a sustainable national anti-money laundering ecosystem.

  • QCC, Setup in Abu Dhabi partner to strengthen SMEs export capability

    ABU DHABI, UAE - Abu Dhabi Quality Conformity Council (QCC) has joined Setup in Abu Dhabi, a comprehensive SME enabling platform, to support SMEs, providing local businesses with guidance and services related to export product standards and compliance. Setup in Abu Dhabi was  launched by Creative Zone in 2022 in...

  • UAE Banks Federation holds workshop on money laundering

    Abu Dhabi, UAE--UAE Banks Federation (UBF) organised a virtual workshop on combating trade-and-credit-documents-based money laundering on Wednesday. The workshop comes as part of UBF's ongoing efforts to improve frameworks and procedures necessary to develop and maintain the highest levels of compliance and risk management at member banks. The workshop was...

  • An effective governance, risk and compliance system need of the hour, says UAE’s cybersecurity head

    There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, he said while addressing the Dubai's GPRC Summit 2023.

  • UAE to tighten the screws on money laundering

    Taking a strong stance against money laundering, the Central Bank of the UAE (CBUAE) has issued a new guidance on transaction monitoring and sanctions screening for its licensed financial institutions (LFIs) that aims to promote anti-money laundering.

  • Saudi Aramco hires Deloitte to assess suppliers’ cybersecurity compliance

    Cyberattacks have now started targeting energy infrastructure The global loss due to cybercrimes in 2020 was assessed at $1 trillion: more than 1% of the global GDP State-owned public petroleum and natural gas company Saudi Aramco has hired global auditing, consulting, taxation, and advisory services-provider Deloitte to assess its suppliers’...