A Practical Guide to Saudi Arabia’s Anti Money Laundering Law

1. What are the main laws governing money laundering in KSA jurisdiction? The main law governing money laundering in Saudi Arabia is Saudi Arabia Cabinet Decision No. 80/1439, approving the Anti‐Money Laundering Law (the “AML”), and its Implementing Regulations (the“Implementing Regulations”), published in 2017. This law supersedes Saudi Arabia Royal Decree No. M31/1433, the old…

Understanding How it Works

Around 80% of the UAE population have come to the country to work. BSA experts, Abdullah Ishnaneh, Rima Mrad and Shaikha Al Shamsi contributes to the Emirates Law expert panel, explaining how the legislation impacts them and their employers and the recent changes in this area. Read full article here

Employment Law – An Overview

When it come to UAE employment law, Federal Law No. 8/1980 (also know as the UAE Labour Code) or the Law Regulating Labour Relations the main law governing employee-employer relations in the private sector in the UAE. This law outlines the key employment aspects including working hours, annual leave and public holidays, sick leave, the…

Fintech and The Accelerator Culture in the UAE

Nadim Bardawil, Senior Associate of DIFC-headquartered BSA Ahmad Bin Hezeem & Associates weighs up incubator programmes and legislative pressures chasing fintech development. The United Arab Emirates (UAE) continues to position itself as a base for businesses involved in cutting-edge technology, ranging from artificial intelligence and robotics, to blockchain integration and driver-less vehicles. The UAE does…