Anti-Financial Crime & Financial Crime Compliance
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Businesses registered at UAE free zones receive penalty notices as country implements money laundering crack-down

By Elizabeth Hearst for AMLi

Businesses registered at some UAE free zones have received penalty notices from the country’s AML regulator, for failing to register with updated anti-money laundering (AML) regulations.

UAE free zones are areas where businesses are subject to minimal or no taxation in order to increase economic activity. These free zones are designed to encourage foreign direct investment in the region.

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