« Back to Glossary IndexSanctions
Sanctions are economic, trade, or legal restrictions imposed on individuals, companies, or countries due to violations of international law, financial crimes, or security risks. The UAE complies with United Nations (UN), European Union (EU), and US Office of Foreign Assets Control (OFAC) sanctions, ensuring strict monitoring of banking transactions, trade deals, and financial activities. Businesses must perform sanctions screening as part of anti-money laundering (AML) compliance to avoid penalties for engaging with sanctioned entities or individuals. The UAE Central Bank, Financial Intelligence Unit (FIU), and Dubai Financial Services Authority (DFSA) regulate sanctions enforcement across sectors.
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ATB Legal is a full-service legal consultancy in the UAE providing services in dispute resolution (DIFC Courts, ADGM Courts, mainland litigation management and Arbitrations), corporate and commercial matters, IP, business set up and UAE taxation. We also have a personal law department providing advice on marriage, divorce and wills & estate planning for expats.
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