Sheetal Soni, Partner, MICS International DMCC, pointed out that the devil’s in the detail, highlighting the fact that the initial 60-odd pages of corporate tax regulation have today evolved to 2,000-odd pages….
Tag: compliance
Binance hiring 1,000 as compliance spending tops $200 million
“I’ve been a regulator all my life,” Teng said. “Government agencies are important.” He declined to say whether he has met with the Securities and Exchange Commission during his trip. The SEC…
UAE's biggest ecommerce retailers sign compliance pledge on quality, safety of products sold
Dubai: The biggest ecommerce retailers in the UAE have signed up to a ‘compliance pledge’ to ensure the quality and safety of products sold online. The initiative, backed by the UAE Ministry…
UAE Central Bank revokes license of Galaxy Insurance Broker for weak compliance
In a statement on Friday, the bank said that the administrative sanction is a result of the findings of an examination conducted by the CBUAE, which found that Galaxy had a weak…
DFSA fines Dubai financial firm Dh5 million for inadequate compliance systems, controls
The amount of the fine was reduced by almost half from $2,793,403 (Dh10,251,789). This was because, amongst other things, the company offered the DFSA an Enforceable Undertaking (EU) to remediate the failings and agreed…
UAE Central Bank revokes Cogent Insurance Broker's license for 'weak' compliance
Dubai: Weak compliance has led to the license of Cogent Insurance Broker being revoked by the UAE Central Bank. The latter had earlier conducted an assessment of the company’s operations, which found that…