UAE Imposes AED 339 Million AML Fines: Key Lessons for Compliance Team
16 September 2025
In June 2025, the United Arab Emirates intensified its efforts against money laundering and terrorist financing, imposing AED 339 million in fines across exchange houses, foreign bank branches, and insurance companies. [..]
FATF Report Exposes New Terrorist Financing Methods: What You Must Know
9 September 2025
A newly released FATF Comprehensive Update on Terrorist Financing Risks underscores a worrisome shift: terrorist organizations are rapidly adapting their funding strategies, exploiting loopholes in digital finance systems and legal entity frameworks worldwide. [..]
UAE National Risk Assessment 2024: Key Compliance Implications
2 September 2025
The UAE's National Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC) released its updated National Risk Assessment (NRA) on April 24, 2025. [..]
BVI Broadens Beneficial Ownership Exemption for Foreign Trustees
28 August 2025
In a significant regulatory development, the British Virgin Islands (BVI) has expanded its beneficial ownership exemptions by introducing a new foreign trustee exemption, significantly easing reporting burdens for certain corporate structures. [..]
SFM Expands Its Global Reach with the Launch of Bahrain as a New Jurisdiction
21 August 2025
SFM Corporate Services is proud to announce the addition of the Kingdom of Bahrain to its portfolio of jurisdictions, further expanding the opportunities we offer our clients to establish and grow their international business presence. [..]
Why Compliance Regulations Are Essential in the Global Corporate Landscape
20 August 2025
In the modern business world, compliance has evolved from a box-ticking exercise into a strategic imperative. Companies of all sizes, whether operating locally or across multiple jurisdictions, are bound by an intricate network of regulations designed to ensure transparency, safeguard financial systems, and promote fair market practices. [..]
