Global Headquarter - Unit no 3 & 7, Shanti Nagar Industrial Estate,
Vakola, Santacruz East, Mumbai, Maharashtra- 400055
Over the last few years, economic and corporate globalisation has accelerated, making some organisations truly global institutions with ever-growing geographic footprints and shifting more activities to emerging markets. Karma Global has been re-writing the rules of international business, creating opportunities for global clients to capitalise on the potential of Karma Global’s sophisticated AI products and processes to the new global reality.
Karma Global’s major services include Regulatory Audit, Management Consulting, Strategy Consulting, Financial and Tech Advisory, Risk Advisory and Legal, including Staffing and Payroll Management Processes and Compliance.
In Canada, it is known as Karma Global Tech Management Inc.
In the U.S.A., it is known as Karma Global Tech Management LLC.
The UAE's laws on anti-money laundering and the financing of terrorism and illegal organisations have been amended, as announced by the UAE Government very recently. The amendments are designed to support efforts to fight financial crime while consolidating the country’s technical compliance with international treaties and recommendations, as reported by the state news agency.
A National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations has been formed as a result.
A Supreme Committee for the Oversight of the National Strategy for Anti-Money Laundering and Counter-Terrorism Financing has also been established. This committee will study, oversee and assess the effectiveness of strategies and measures implemented by the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations.
The new decree stipulates the need for coordination between the National Committee and relevant entities, guiding and urging them to provide adequate support to the National Committee to facilitate its performance and fulfil its duties.
It comes as the UAE intensifies its operations against fiscal crimes, specifically money laundering and financing of terrorism. The new decree enhances the legal framework, establishes oversight committees and aligns with international standards to bolster the UAE's fight against financial crimes.
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