Based on a survey of more than 300 corporate leaders and legal advisers who handle transactions, along with insight from Baker McKenzie compliance, antitrust and corporate partners, the latest Baker McKenzie report assesses the challenges and risks that regional and multinational organizations face in relation to compliance due diligence (CDD) across both M&A and JVs.
In the past year the United Arab Emirates (UAE) has witnessed a number of important developments in the area of compliance and financial crime which will have a significant impact on the risk exposure of companies operating in the UAE for the foreseeable future. Over time, collectively, these changes will have a profound impact on the compliance environment in the UAE, particularly as it relates to financial crimes, and companies can no longer approach compliance issues casually.
In the autumn of 2017, we spoke with more than 500 UK multinationals about their attitudes to compliance. This year, for the second edition of Connected Compliance we have expanded our research internationally, gathering data from 800 business leaders across the US, Canada, Brazil, Hong Kong, China, Spain and Germany.
Leading global law firm Baker McKenzie recently hosted a seminar in Dubai in January 2019 focusing on how companies in the Middle East can manage the key issues faced when integrating and transforming a business, with practical guidance on the key employment, tax, and compliance and corporate governance issues.
The United Arab Emirates (UAE) has issued Federal Law No. 20 of 2018 on Anti-Money Laundering (the AML Law), which boosts the UAE’s commitment to international laws and treaties and establishes a legal framework to further combat money laundering and financing of terrorism and other illegal organisations.