Federal Decree-Law No. 41/2023 has replaced Federal Law No. 12/2014, introducing new regulations for the accounting and auditing profession in the UAE. It defines Chartered Accountants, outlines licensing and ethical obligations, and applies to onshore practitioners and financial-free zones. The law enforces fines up to AED 1,000,000 and allows practitioners to appeal sanctions. Emphasizing confidentiality, transparency, and AML compliance, it aims to enhance professional integrity, investor confidence, and promote Emiratisation. For more information, contact a financial crime lawyer in Dubai today.
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