New Requirements for UAE Companies Under Updated Targeted Financial Sanctions Guidance
By EsqSocial Corporation 28/06/21
Through updated guidance, the UAE has introduced a significant change to how it administers sanctions regimes—expanding its focus from a limited implementation of multilateral sanctions to more broadly imposing its own unilateral targeted sanctions and associated freeze orders and reporting requirements. The new regime applies to all persons in the UAE, placing obligations on them to register with the Executive Office to receive electronic notifications, screen their potential and existing...
By: Akin Gump Strauss Hauer & Feld LLP