Identifying UAE “Foreign Officials” for Anti-Corruption Compliance Purposes

  Companies and other organizations doing business in the UAE or with enterprises owned in part by a UAE Government party at any level (e.g., the federal/union government or a government of one of the country's constituent emirates (e.g., Dubai, Abu Dhabi, Ras al Khaimah), or entities owned in part by any of them, should Read More ...

Trump’s Foreign Policy May Further Strain Foreign Correspondent Banking (Derisking)

Download PDF Foreign correspondent banking relationships (FCBRs) have come under strain in recent years as major global and regional banks have de-risked from FCBRs that have posed (or have been perceived to pose) more legal risk and administrative costs than commercial benefits. The de-risking trend and its resulting diminishment of access to legitimate financial services by individual Read More ...

New Rules of Business Conduct Regulation Require Fresh Risk and Compliance Thinking

Traditionally businesses have looked to contractual terms, industry groups, legislatures, regulators and other conventional authorities to identify and manage commercial, legal, and compliance requirements and risks. In today’s interconnected, information rich, and reputation-conscious business world, this model is outdated and insufficient. It creates blind spots that can expose businesses to commercial, legal, and compliance risks Read More …