Circular No. 1 of 2022 regarding the implementation of Targeted Financial Sanctions (TFS) on UNSCRs 1718 (2006) and 2231 (2015)
Recently, the Ministry of Economy of the UAE issued Circular No 1 of 2022, requiring Designated Non-Financial Businesses and Professionals (DNFBP), e.g. real estate brokers and agents, legal firms,accounting firms and corporate services providers, to comply with the sanctions imposed by UN Security Council’s resolutions.
Source PwC
