Legal Visions, Healing Touch: Shaping the Future of Healthcare

The first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.

Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!

Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.

Read the full edition

The leading law firm in the Middle East & North Africa region.

Law Firm
/
Insights
/
Law Update
/
September 2013
/
UAE Ministry of Justice circular: AML/CFT responsibilities of law firms, lawyers & Public Notaries

UAE Ministry of Justice circular: AML/CFT responsibilities of law firms, lawyers & Public Notaries

Ibtissem Lassoued - Partner, Head of Advisory - White Collar Crime & Investigations / Family Business

i.lassoued@tamimi.com

Dubai International Financial Centre

Andrew Hudson

a.hudson@tamimi.com

September 2013

On 21 August 2013, the MoJ distributed Circular No. 2 of 2013 on Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) Regulations for Lawyers and Other Legal Professionals and Public Notaries dated 11 August 2013 (the ‘Circular’).

The Circular reminds lawyers, other legal professionals and public notaries that they are subject to certain obligations in accordance with:

Federal Law No. 2 of 2002 regarding the criminalization of money laundering (‘AML Law’);
Federal Law No. 1 of 2004 on combating terrorism offences (‘CT Law’); and
Financial Action Task Force (FATF) Recommendations.

Whereas the AML Law and the CT Law do not make specific reference to the obligations imposed on legal professionals, The Circular makes it clear that the obligations under those laws and the Circular apply to lawyers, legal professionals and public notaries in the conduct of the following activities by them:

Transactions in real estate.
Management of client money, securities and other assets.
Management of bank, savings or securities accounts.
Organisation of contributions for the creation, operation or management of companies legal persons or other arrangements, and the buying and selling of business entities.

A key requirement of the Circular is that Senior Management and owners of law firms must ensure that the firm’s policies, procedures, systems and controls appropriately and adequately address the requirements of the AML and CT Laws and the Circular.

This bulletin is intended to bring the Circular to the attention of those persons to whom it applies. If you have any queries regarding the Circular or the areas of law it addresses, please contact Ibtissam Lassoued, Partner, Financial Crime Department at: i.lassoued@tamimi.com and Andrew Hudson at: a.hudson@tamimi.com.