What regulations govern the UBO requirements in UAE?
KPI Marketing
Last Update há 2 anos
The Cabinet Resolution No. (58) of 2020 Regulating the Beneficial Owner Procedures is the key regulation for UBO in UAE. It replaces the Cabinet Decision No. (34) of 2020 concerning Regulating the Beneficial Owner Procedures. This regulation is in line with Cabinet Decision No. (10) of 2019 on the Executive Regulations of Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations, as well as Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations.