Like many jurisdictions around the world, the Qatar Financial Centre (QFC) has established compliance procedures that require legal entities registered or formed in the QFC to identify their ultimate beneficial owners (UBO)....more
In the wake of Russia's military invasion of Ukraine, several countries, starting with the 27 member states of the European Union and followed by the United States, Canada, Switzerland and Norway, have implemented...more
3/7/2022
/ Aircraft ,
Biden Administration ,
Department of Transportation (DOT) ,
Economic Sanctions ,
EU ,
European Council ,
Federal Aviation Administration (FAA) ,
Information Reports ,
Russia ,
UK ,
Ukraine
In May 2021, Qatar implemented the first phase of its national COVID-19 response plan for the gradual lifting of the COVID-19 restrictions. On October 3, 2021, Qatar entered into the fourth and final phase of the plan, as the...more
In September 2020, the United Arab Emirates, Israel and the U.S. signed the Abraham Accords, establishing diplomatic and commercial relations between the UAE and Israel. In August 2020, the UAE issued Federal Decree-Law No. 4...more
8/10/2021
/ Abraham Accords Peace Agreement ,
Antiboycott Requirements ,
Boycotts ,
Bureau of Industry and Security (BIS) ,
Compliance ,
Controlled Foreign Corporations ,
Export Administration Regulations (EAR) ,
Foreign Relations ,
IRS ,
Israel ,
Reporting Requirements ,
United Arab Emirates (UAE)
Earlier this month, the Biden Administration formally announced that combating corruption is a core United States national security interest. On June 3, 2021, the Biden Administration issued a Memorandum on Establishing the...more
6/14/2021
/ Anti-Corruption ,
Biden Administration ,
Chief Compliance Officers ,
Compliance ,
Department of Homeland Security (DHS) ,
Department of Justice (DOJ) ,
Foreign Corrupt Practices Act (FCPA) ,
National Security ,
National Security Agency (NSA) ,
Presidential Memorandum ,
Securities and Exchange Commission (SEC) ,
U.S. Commerce Department ,
U.S. Treasury ,
US Department of State
The Qatar Financial Centre Authority ("QFCA") Tax Department have issued a Concessionary Statement of Practice (the "Statement") providing for an exemption to Qatar Financial Centre ("QFC") companies performing contracts in...more
The Government of Qatar, acting through various ministries and agencies, continues to monitor the spread of the novel coronavirus (COVID-19) and has implemented a coordinated set of measures to prevent the spread of COVID-19....more