Saudi Arabia-based finance company Tamwily and Shariyah Review Bureau (SRB) have signed a partnership deal covering shariah supervision, monitoring and shariah supervisory audit.
The agreement comes as Tamwily seeks to integrate s
Falah Capital, a US-based investment group, said its flagship Islamic exchange traded fund (ETF) certified for shariah compliance by Shariyah Review Bureau, has been listed on the New York Stock Exchange (NYSE).
Banking analytics, risk and compliance pioneer iCreate has announced a strategic partnership with tax information reporting leader Convey Compliance Systems to help global banks accelerate their FATCA compliance initiatives.
Abu Dhabi Securities Exchange (ADX) said the listed companies have shown a 99 per cent compliance in disclosing their annual financial statements within the deadline of 90 days from the end of the financial period.
The Abu Dhabi b
Dubai Financial Market (DFM) said its UAE listed companies have shown a 96.7 percent compliance to disclose their annual results for 2013 within the three-month deadline from the end of the financial year.
Tax authorities across the Mena region are implementing investment and taxpayer-friendly tax measures to promote a competitive, business-friendly environment to encourage tax compliance, according to specialists.
More than 50 per cent of the compliance officers feel that their personal liability has increased, said a study highlighting the diverse pressures which compliance functions continue to face.
It was conducted by Thomson Reut
Thomson Reuters, a provider of business information, will host the fifth annual Compliance and Anti-Money Laundering Seminar in Riyadh tomorrow in partnership with the Institute of Banking of Saudi Arabia.
Held under the patronage
Significant efforts will be required by Middle East financial institutions and government to meet the requirements of the United States’ Foreign Account Tax Compliance Act (FATCA) by the end of this year, says a report.