One of the greatest global challenges is money laundering, which endangers financial systems, economies, and societies as a whole. Different regulators and entities around the globe have now developed Anti Money Laundering Policies (AML) and these policies have encompassed Know Your Customer processes (KYC). This article intends to understand the

One of the major challenges to the international financial system is money laundering, as it facilitates terrorism, corruption, and even drug trafficking. Prevention of Money Laundering (AML) as well as the uncontested control are key to the safeguarding of financial institutions and caution over the economic stability. The following describes

Introduction Regarding Anti-Money Laundering Money laundering is an epidemic that endangers global economies. By very definition, Anti-Money Laundering refers to the controlling laws that help prevent laundering of money. They are essentially tools that are used to restrain criminals from covering up their profits. Applying these practices is important to

In the United Arab Emirates, Value Added Tax (VAT) has become an integral part of the economy ever since it was introduced on January 1, 2018. Its implementation has contributed significantly to the diversification of the economy by making the UAE less dependent on oil. This, in turn, aligns the

In the realm of business finance, small business owners often struggle with the oversight. Given their standing as the workhorses of the economy, small enterprises have little flexibility, so it is incredibly important to make the most of the available resources. In order to make sound financial choices, maintain cash