Contributing to global anti-money laundering efforts and combating financing of terrorism (AML/CFT), the United Arab Emirates (UAE) strives to fully implement the standards set by the International Financial Action Task Force (FATF). The UAE government passed a new regulation on Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT), through […]
Expense recovery is a common operation in business transactions. A party may incur expenses and subsequently recover such expenses from another party. The recovery of expenses depends on whether the recovery is a “disbursement” or “reimbursement”. To determine whether a recovery is a disbursement or reimbursement, it is to establish whether […]
Minimising costs, time and mistakes Trying to do everything alone is risky, especially if you are not aware of the country’s compliance requirements, and it’s also really time consuming, so it may take your attention from other key areas of business growth. Ideally, you probably want to hire a full time […]