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LATEST: UAE launches new regulations for reporting real estate transactions to tackle dirty money

By Alisha Houlihan for AMLi

The United Arab Emirates (UAE) has introduced new reporting requirements for “certain real estate transactions” conducted in the country to tackle illicit finance. 

The latest regulation will now require all real estate agents, brokers, and law firms to report to the Financial Intelligence Unit any purchase or sale of a freehold property involving three methods of payment, whether for a portion or the entire value of the property. 

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