Transparency in ownership structures has become A fundamental requirement of the modern investment landscape. Merely knowing the registered Shareholder of a company is no longer sufficient for regulators or financial institutions. With the increasing sophistication of money laundering methods and the concealment of the origin of illicit funds through companies and legal entities, many jurisdictions have moved towards requiring companies to disclose the Ultimate Beneficial Owner (“UBO”).

Combating the Financing of Terrorism and Countering Proliferation Financing (the "New AML Law"), issued in October 2025 and effective 14 October 2025, repeals and replaces the Federal Law No. (20) of 2018 on Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations, ushering in a stricter and more comprehensive regime.

In the wake of Saudi Arabia's headline-grabbing anti-corruption drive in November, Crown Prince Mohammed bin Salman instructed the Council of Economic and Development Affairs (the Council)...

In the fast-paced financial world, the battle against financial crime gets more urgent than ever. With criminals becoming increasingly sophisticated and new regulations emerging...