New UAE anti-money laundering laws welcomed

New UAE anti-money laundering laws welcomed

The UAE’s new anti-money laundering laws will attract more investments to the country.

That’s according to legal experts, who say it’s the latest push to boost business and crack down on the financing of terrorism.

President His Highness Sheikh Khalifa bin Zayed Al Nahyan also issued a new foreign investment law which will see overseas companies being treated the same as local ones.

Speaking to Dubai Eye 103.8’s Business Breakfast, Nicholas Braganza, Legal Director of Regulatory and Investigations at Clyde & Co., explains what’s changed from previous anti-money laundering legislation.

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