Penalty for violating real beneficiary procedures – Written warning followed by a fine of AED 100,000, in the event of repeated violation which could lead to suspension of license for at least a year.

At GBS, we have the detailed submission mechanism, forms and information to assist with gathering your company UBO information and we can assist you to identify and compile the information required to be disclosed with the register. We can undertake the UBO submission and compliance for you.