Compliance Passporting – The UAE’s Game-Changing Solution to Simplify KYC

The UAE is stepping decisively into the future of financial compliance, addressing one of the industry’s most persistent pain points: inefficiencies of ‘know your customer’ (“KYC”) procedures. With the launch of its digital KYC platform under Federal Decree-Law No. 30 of 2024, the UAE has set in motion a transformative solution that streamlines financial onboarding while advancing transparency.

Our latest OPED considers how, by integrating secure data sharing across institutions and regulators, the UAE is poised to redefine compliance standards worldwide, turning a historic burden into an opportunity for financial innovation.

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