Category: Articles and Analysis
Political instability is a significant catalyst for financial crimes, particularly in the context of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) efforts. As political instability undermines governance, it enables money laundering and terrorist financing by weakening institutional oversight and enforcement of financial regulations. In regions marked by turmoil, the erosion of governance structures and rampant […]
Key Reasons to Prioritise Data Protection I recently attended an event at the Business Terrace focused on start-up businesses, and it got me thinking about a critical issue that’s often overlooked—data protection. With all the excitement and focus on growth, it is easy to forget how important it is to build compliance into your startup […]
Data protection laws like the UK General Data Protection Regulation (GDPR) significantly impact organisations. To understand how businesses and public bodies deal with these regulations, the Information Commissioner’s Office (ICO) conducted a study that included surveys and interviews. The findings give a detailed look at how different organisations manage their data, the challenges they […]
It is widely agreed that knowledge is power, and there is no exception in our current economy. Intellectual property (IP) is a company’s most valuable asset. IP forms the backbone of a business’s competitive edge, from trade secrets and proprietary software to innovative designs and unique content. Historically, there have been several high-profile cases of […]
The EU AI Act, effective from 1 August 2024, introduces comprehensive regulations for artificial intelligence across Europe. This framework promotes responsible AI development while safeguarding public health, safety, and fundamental rights. The Act seeks to protect rights, democracy, the rule of law, and environmental sustainability from high-risk AI while also boosting innovation and positioning Europe […]
Introduction to FCA Listing Rules 2024 The Financial Conduct Authority (FCA) recently introduced new listing rules. The rules aim to simplify the listing process on the London Stock Exchange (LSE). These rules do not effect AIM directly. However, there are indirect effects on companies looking to list on AIM and Nominated Advisers (NOMADs). Are […]
Introduction The UAE has become a major global financial hub, especially in Dubai, over the last few decades. Behind the glitter and flamboyance of the city lies a shadowy world of financial crimes. The city’s strategic location, coupled with its liberal economic policies and free trade zones, has made it an attractive destination for […]
Latest update on Saudi Data & Artificial Intelligence Authority (SDAIA) Regulations On July 10th, 2024, the SDAIA published draft rules for appointing a Personal Data Protection Officer, inviting public feedback. These new data protection regulations have led many organisations to question whether they need to appoint a Data Protection Officer (DPO). The rules […]
Introduction In September 2019, the State of Qatar issued Law No. 20 of 2019 on Anti-Terrorism Financing and Money Laundering, which came into force in February 2020. This law provided more extensive requirements than the previous laws (Law No. 28 of 2002 and Law No. 4 of 2010) and better adhered to international Anti-Money Laundering […]
Understanding the ultimate beneficial ownership (UBO) is crucial in Southeast Asia to tackle corruption and prevent money laundering, terrorism financing, and other illicit activities. The United Nations Office on Drugs and Crime (UNODC) reported that countries in this region are highly secretive regarding the ownership transparency of legal entities and wealth. What is an Ultimate […]