The Dubai International Financial Centre with 20 per cent increase in the number of licensed firms, recorded its best annual performance in 2020.

The government of the UAE released an updated and more comprehensive Anti-Money Laundering and Terrorist Financing Law.

The Council of Ministers has decided during its meeting on 16 December 2020 on the implementation of UBO registry in Republic of Cyprus.

The Securities and Commodities Authority of the UAE approved legislation for the regulation of digital assets, to recognize them as securities and to create a regulatory framework for them.

The UAE Cabinet Resolution No. 58 of 2020 requires UAE Mainland and commercial Free Zone companies to file Beneficial Owner Registers from 20th Oct 2020.