regulation Archives - Fichte & Co Legal

Introducing Sanadak: UAE’s first Ombudsman Unit for Financial and Insurance Consumer Disputes

Ravi P. Jawani — Thu, 28 Mar 2024 06:00:40 +0000

The UAE has taken a significant step towards enhancing consumer trust and protecting consumer rights with the introduction of the new ombudsman unit, “Sanadak”. This move follows the merger of the UAE Insurance Authority with the Central Bank of the UAE in 2020, forming a unified regulatory body for both insurance and banking sectors. The …

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MoE: Register your non-financial business to anti-money laundering systems

Chiara De Maria — Wed, 31 Mar 2021 10:21:43 +0000

The UAE Ministry of Economy (MoE) announced that all Designated Non-Financial Businesses and Professions (DNFBPs) must complete their registration in the following anti-money laundering systems by March 31, 2021. This is part of the UAE’s Federal Decree No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations.This …

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New Visa options in the UAE

Habib Babikir — Mon, 29 Mar 2021 09:22:20 +0000

The last months have witnessed significant new visa reforms in the United Arab Emirates. The coronavirus pandemic has seen an exponential rise in the number of people switching to remote work. While working from home is becoming the new normal, the United Arab Emirates have started to give the opportunity to live in one of the most beautiful and safe …

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The kerfuffle of apps terms of use: can they change anytime?

Dr. Laura Voda — Tue, 02 Feb 2021 09:00:42 +0000

It’s no secret that apps run our lives. The advancement of mobile technologies has opened the gates to a plethora of goods and services, now easily available at our fingertips. With the increased use of smart devices and accessing the internet through them (56% as of 2021), app development has evolved into an attractive market. …

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