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Saudi Arabia enforces new UBO rules from 3 Apr 25, requiring most companies to disclose their UBOs to combat financial crime, bolster AML efforts, and align with global standards

by Jyotsna Bucktowar | Mar 26, 2025

Saudi Arabia is taking a significant step towards enhancing corporate transparency with the introduction of new Ultimate Beneficial Ownership (UBO) Rules. Effective from April 3, 2025, these rules mandate most companies to disclose their UBOs to the Ministry of...

FATF praises Oman in latest evaluation report for achieving positive results in areas such as financial intelligence, international cooperation, and combating TF

by AdrianaAMLP | Dec 19, 2024

Among many strengths identified in the report is a warning that excessive measures on NPOs may be disrupting legitimate activities. FATF advises Oman to remove the requirement for NPOs to be reporting entities.

OECD publishes Integrity Review of Jordan

by AdrianaAMLP | Dec 4, 2024

Recognising that corruption hampers public sector modernisation, economic progress and foreign investment, Jordan is undertaking ambitious reforms to tackle it.

UAE’s National Strategy for AML/CFT introduces stronger regulatory measures and guidelines to enhance oversight and enforcement

by Jyotsna Bucktowar | Sep 10, 2024

The strategy includes establishment of clear objectives to strengthen the UAE’s framework for combating money laundering and terrorism financing. It lays emphasis on increased cooperation among government agencies, financial institutions, and international...

ESAAMLG reports on Kenya’s progress following on from the 2022 Mutual Evaluation Report

by AdrianaAMLP | Aug 28, 2024

Among 15 re-ratings, 11 bring Kenya to being considered compliant with the recommendations of the original MER.
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  • AMLA publishes webinar materials on ‘Identification of Obliged Entities Eligible for Direct Supervision’
  • FinCEN issues updated Guidance to clarify how FIs can more broadly share information
  • EC consults on its first EU Anti-Corruption Strategy, inviting feedback until 6 July 2026

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