Compliance with these regulations is essential to maintaining the integrity of the UAE’s financial system. Failure to adhere to the requirements could result in significant penalties, with fines reaching up to 500,000 AED, as outlined in Cabinet Resolution No. (132) of 2023.

Service Offerings

• Comprehensive Documentation Preparation: We support the creation and meticulous preparation of all required documentation, ensuring full compliance with the latest regulatory standards for the inspection.
• Tailored Compliance Strategy: Our experts design a customized strategy to meet the specific regulatory requirements of the Meydan Free Zone, addressing any compliance gaps and reinforcing adherence to AML, CFT, and Beneficial Owner regulations.
• Virtual Inspection Support: Navigating the challenges of virtual inspections, we provide guidance on how to effectively present your compliance efforts in a virtual format, ensuring a smooth inspection process.
• Direct Liaison and Ongoing Guidance: Acting as your primary point of contact with the Meydan AML Supervision team, we facilitate clear communication and resolve any concerns. After the inspection, our advisory services ensure you stay updated on any regulatory changes or requirements.

Important Service Note

During the preparation process, it may be identified that additional services or documentation are required to achieve complete compliance. These additional needs could reveal gaps in the initial compliance efforts, requiring further steps not covered in the original service offering. Clients should be aware that these supplementary services or documents will need to be contracted separately. Our team will pinpoint these requirements during our in-depth review and provide guidance on the best course of action to ensure and maintain full compliance.

Benefits of Specialized Service

By choosing our specialized service, businesses can confidently navigate the complexities of the Meydan Regulatory Virtual Inspection, ensuring their operations not only meet but exceed stringent compliance standards. Our expert support helps minimize the risk of penalties, strengthens your business’s reputation within the Meydan Free Zone, and enhances its standing within the wider UAE financial ecosystem, safeguarding both operational integrity and compliance.

The information provided is for informational purposes only and does not constitute a recommendation or endorsement of any specific strategy, decision, or action. Clients are advised to consult with their tax, legal, or professional advisors to assess the relevance and applicability of this information to their individual circumstances. Growth Partners disclaims any liability for errors or omissions in the information or for any loss or damage resulting from reliance on the content provided. Use of the information is at the user’s own risk