Get ready to face fines of up to Dh100,000 in case of ‘ultimate beneficial owner’ rules violations
Get ready to face fines of up to Dh100,000 in case of ‘ultimate beneficial owner’ rules violations Ministry of Economy will begin imposing fines on violators from July after the campaign . Dubai: UAE has launched a campaign to ensure 513,000 non-financial businesses, regulated by 38 licensing authorities, provide data on ultimate beneficial owners. “Money…