Federal Announcements - RAK ICC

Law & Legislation

Cabinet Resolution No 53 of 2021 Concerning the Administration Penalties

Federal Decree No. (20) of 2018 on anti-money laundering and countering the financing of terror

Cabinet Decision No (10) of 2019 CONCERNING THE IMPLEMENTING REGULATION

Cabinet Resolution No. (58) of 2020,On the Regulation of the Procedures of the Real Beneficiary

Procedure Guidelines

Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations Guidelines for Designated Non-Financial Businesses and Professions

Supplemental Guidance for Auditors

Supplemental Guidance for Dealers in Precious Metals and Stones

Supplemental Guidance for the Real Estate Sector

Supplemental Guidance for Trust & Company Service Providers

Compliance Requirements and Economic Substance Regulations Deadlines You May Need To Know

Useful Links

© 2023 RAK ICC. All Rights Reserved.

.heateor_sss_button_instagram span.heateor_sss_svg,a.heateor_sss_instagram span.heateor_sss_svg{background:radial-gradient(circle at 30% 107%,#fdf497 0,#fdf497 5%,#fd5949 45%,#d6249f 60%,#285aeb 90%);}.heateor_sss_horizontal_sharing .heateor_sss_svg,.heateor_sss_standard_follow_icons_container .heateor_sss_svg{color:#fff;border-width:0px;border-style:solid;border-color:transparent;}.heateor_sss_horizontal_sharing .heateorSssTCBackground{color:#666;}.heateor_sss_horizontal_sharing span.heateor_sss_svg:hover,.heateor_sss_standard_follow_icons_container span.heateor_sss_svg:hover{border-color:transparent;}.heateor_sss_vertical_sharing span.heateor_sss_svg,.heateor_sss_floating_follow_icons_container span.heateor_sss_svg{color:#fff;border-width:0px;border-style:solid;border-color:transparent;}.heateor_sss_vertical_sharing .heateorSssTCBackground{color:#666;}.heateor_sss_vertical_sharing span.heateor_sss_svg:hover,.heateor_sss_floating_follow_icons_container span.heateor_sss_svg:hover{border-color:transparent;}@media screen and (max-width:783px){.heateor_sss_vertical_sharing{display:none !important;}}div.heateor_sss_mobile_footer{display:none;}@media screen and (max-width:783px){div.heateor_sss_bottom_sharing .heateorSssTCBackground{background-color:white;}div.heateor_sss_bottom_sharing{width:100% !important;left:0 !important;}div.heateor_sss_bottom_sharing a{width:14.285714285714% !important;}div.heateor_sss_bottom_sharing .heateor_sss_svg{width:100% !important;}div.heateor_sss_bottom_sharing div.heateorSssTotalShareCount{font-size:1em !important;line-height:15.4px !important;}div.heateor_sss_bottom_sharing div.heateorSssTotalShareText{font-size:.7em !important;line-height:0px !important;}div.heateor_sss_mobile_footer{display:block;height:22px;}.heateor_sss_bottom_sharing{padding:0 !important;display:block !important;width:auto !important;bottom:-2px !important;top:auto !important;}.heateor_sss_bottom_sharing .heateor_sss_square_count{line-height:inherit;}.heateor_sss_bottom_sharing .heateorSssSharingArrow{display:none;}.heateor_sss_bottom_sharing .heateorSssTCBackground{margin-right:1.1em !important;}}img.wp-smiley,img.emoji{display:inline !important;border:none !important;box-shadow:none !important;height:1em !important;width:1em !important;margin:0 .07em !important;vertical-align:-.1em !important;background:none !important;padding:0 !important;}body{--wp--preset--color--black:#000;--wp--preset--color--cyan-bluish-gray:#abb8c3;--wp--preset--color--white:#fff;--wp--preset--color--pale-pink:#f78da7;--wp--preset--color--vivid-red:#cf2e2e;--wp--preset--color--luminous-vivid-orange:#ff6900;--wp--preset--color--luminous-vivid-amber:#fcb900;--wp--preset--color--light-green-cyan:#7bdcb5;--wp--preset--color--vivid-green-cyan:#00d084;--wp--preset--color--pale-cyan-blue:#8ed1fc;--wp--preset--color--vivid-cyan-blue:#0693e3;--wp--preset--color--vivid-purple:#9b51e0;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple:linear-gradient(135deg,rgba(6,147,227,1) 0%,#9b51e0 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan:linear-gradient(135deg,#7adcb4 0%,#00d082 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange:linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red:linear-gradient(135deg,rgba(255,105,0,1) 0%,#cf2e2e 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray:linear-gradient(135deg,#eee 0%,#a9b8c3 100%);--wp--preset--gradient--cool-to-warm-spectrum:linear-gradient(135deg,#4aeadc 0%,#9778d1 20%,#cf2aba 40%,#ee2c82 60%,#fb6962 80%,#fef84c 100%);--wp--preset--gradient--blush-light-purple:linear-gradient(135deg,#ffceec 0%,#9896f0 100%);--wp--preset--gradient--blush-bordeaux:linear-gradient(135deg,#fecda5 0%,#fe2d2d 50%,#6b003e 100%);--wp--preset--gradient--luminous-dusk:linear-gradient(135deg,#ffcb70 0%,#c751c0 50%,#4158d0 100%);--wp--preset--gradient--pale-ocean:linear-gradient(135deg,#fff5cb 0%,#b6e3d4 50%,#33a7b5 100%);--wp--preset--gradient--electric-grass:linear-gradient(135deg,#caf880 0%,#71ce7e 100%);--wp--preset--gradient--midnight:linear-gradient(135deg,#020381 0%,#2874fc 100%);--wp--preset--duotone--dark-grayscale:url("#wp-duotone-dark-grayscale");--wp--preset--duotone--grayscale:url("#wp-duotone-grayscale");--wp--preset--duotone--purple-yellow:url("#wp-duotone-purple-yellow");--wp--preset--duotone--blue-red:url("#wp-duotone-blue-red");--wp--preset--duotone--midnight:url("#wp-duotone-midnight");--wp--preset--duotone--magenta-yellow:url("#wp-duotone-magenta-yellow");--wp--preset--duotone--purple-green:url("#wp-duotone-purple-green");--wp--preset--duotone--blue-orange:url("#wp-duotone-blue-orange");--wp--preset--font-size--small:13px;--wp--preset--font-size--medium:20px;--wp--preset--font-size--large:36px;--wp--preset--font-size--x-large:42px;--wp--preset--spacing--20:.44rem;--wp--preset--spacing--30:.67rem;--wp--preset--spacing--40:1rem;--wp--preset--spacing--50:1.5rem;--wp--preset--spacing--60:2.25rem;--wp--preset--spacing--70:3.38rem;--wp--preset--spacing--80:5.06rem;}:where(.is-layout-flex){gap:.5em;}body .is-layout-flow > .alignleft{float:left;margin-inline-start:0;margin-inline-end:2em;}body .is-layout-flow > .alignright{float:right;margin-inline-start:2em;margin-inline-end:0;}body .is-layout-flow > .aligncenter{margin-left:auto !important;margin-right:auto !important;}body .is-layout-constrained > .alignleft{float:left;margin-inline-start:0;margin-inline-end:2em;}body .is-layout-constrained > .alignright{float:right;margin-inline-start:2em;margin-inline-end:0;}body .is-layout-constrained > .aligncenter{margin-left:auto !important;margin-right:auto !important;}body .is-layout-constrained > :where(:not(.alignleft):not(.alignright):not(.alignfull)){max-width:var(--wp--style--global--content-size);margin-left:auto !important;margin-right:auto !important;}body .is-layout-constrained > .alignwide{max-width:var(--wp--style--global--wide-size);}body .is-layout-flex{display:flex;}body .is-layout-flex{flex-wrap:wrap;align-items:center;}body .is-layout-flex > *{margin:0;}:where(.wp-block-columns.is-layout-flex){gap:2em;}.has-black-color{color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color:var(--wp--preset--color--white) !important;}.has-pale-pink-color{color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color:var(--wp--preset--color--vivid-purple) !important;}.has-black-background-color{background-color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color:var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color:var(--wp--preset--color--vivid-purple) !important;}.has-black-border-color{border-color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color:var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color:var(--wp--preset--color--vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background:var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background:var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background:var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background:var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background:var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background:var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background:var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background:var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background:var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background:var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size:var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size:var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size:var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size:var(--wp--preset--font-size--x-large) !important;}.wp-block-navigation a:where(:not(.wp-element-button)){color:inherit;}:where(.wp-block-columns.is-layout-flex){gap:2em;}.wp-block-pullquote{font-size:1.5em;line-height:1.6;}#rs-demo-id{}.sharing-default-minimal .nectar-love.loved,body .nectar-social[data-color-override="override"].fixed > a:before,body .nectar-social[data-color-override="override"].fixed .nectar-social-inner a,.sharing-default-minimal .nectar-social[data-color-override="override"] .nectar-social-inner a:hover{background-color:#ab9cc3;}.nectar-social.hover .nectar-love.loved,.nectar-social.hover > .nectar-love-button a:hover,.nectar-social[data-color-override="override"].hover > div a:hover,#single-below-header .nectar-social[data-color-override="override"].hover > div a:hover,.nectar-social[data-color-override="override"].hover .share-btn:hover,.sharing-default-minimal .nectar-social[data-color-override="override"] .nectar-social-inner a{border-color:#ab9cc3;}#single-below-header .nectar-social.hover .nectar-love.loved i,#single-below-header .nectar-social.hover[data-color-override="override"] a:hover,#single-below-header .nectar-social.hover[data-color-override="override"] a:hover i,#single-below-header .nectar-social.hover .nectar-love-button a:hover i,.nectar-love:hover i,.hover .nectar-love:hover .total_loves,.nectar-love.loved i,.nectar-social.hover .nectar-love.loved .total_loves,.nectar-social.hover .share-btn:hover,.nectar-social[data-color-override="override"].hover .nectar-social-inner a:hover,.nectar-social[data-color-override="override"].hover > div:hover span,.sharing-default-minimal .nectar-social[data-color-override="override"] .nectar-social-inner a:not(:hover) i,.sharing-default-minimal .nectar-social[data-color-override="override"] .nectar-social-inner a:not(:hover){color:#ab9cc3;}.no-rgba #header-space{display:none;}@media only screen and (max-width:999px){body #header-space[data-header-mobile-fixed="1"]{display:none;}#header-outer[data-mobile-fixed="false"]{position:absolute;}}@media only screen and (max-width:999px){body:not(.nectar-no-flex-height) #header-space[data-secondary-header-display="full"]:not([data-header-mobile-fixed="false"]){display:block !important;margin-bottom:-76px;}#header-space[data-secondary-header-display="full"][data-header-mobile-fixed="false"]{display:none;}}@media only screen and (min-width:1000px){#header-space{display:none;}.nectar-slider-wrap.first-section,.parallax_slider_outer.first-section,.full-width-content.first-section,.parallax_slider_outer.first-section .swiper-slide .content,.nectar-slider-wrap.first-section .swiper-slide .content,#page-header-bg,.nder-page-header,#page-header-wrap,.full-width-section.first-section{margin-top:0 !important;}body #page-header-bg,body #page-header-wrap{height:128px;}body #search-outer{z-index:100000;}}@media only screen and (min-width:1000px){#page-header-wrap.fullscreen-header,#page-header-wrap.fullscreen-header #page-header-bg,html:not(.nectar-box-roll-loaded) .nectar-box-roll > #page-header-bg.fullscreen-header,.nectar_fullscreen_zoom_recent_projects,#nectar_fullscreen_rows:not(.afterLoaded) > div{height:100vh;}.wpb_row.vc_row-o-full-height.top-level,.wpb_row.vc_row-o-full-height.top-level > .col.span_12{min-height:100vh;}#page-header-bg[data-alignment-v="middle"] .span_6 .inner-wrap,#page-header-bg[data-alignment-v="top"] .span_6 .inner-wrap{padding-top:108px;}.nectar-slider-wrap[data-fullscreen="true"]:not(.loaded),.nectar-slider-wrap[data-fullscreen="true"]:not(.loaded) .swiper-container{height:calc(100vh + 2px) !important;}.admin-bar .nectar-slider-wrap[data-fullscreen="true"]:not(.loaded),.admin-bar .nectar-slider-wrap[data-fullscreen="true"]:not(.loaded) .swiper-container{height:calc(100vh - 30px) !important;}}@media only screen and (max-width:999px){#page-header-bg[data-alignment-v="middle"]:not(.fullscreen-header) .span_6 .inner-wrap,#page-header-bg[data-alignment-v="top"] .span_6 .inner-wrap{padding-top:60px;}.vc_row.top-level.full-width-section:not(.full-width-ns) > .span_12,#page-header-bg[data-alignment-v="bottom"] .span_6 .inner-wrap{padding-top:50px;}}@media only screen and (max-width:690px){.vc_row.top-level.full-width-section:not(.full-width-ns) > .span_12{padding-top:60px;}.vc_row.top-level.full-width-content .nectar-recent-posts-single_featured .recent-post-container > .inner-wrap{padding-top:50px;}}@media only screen and (max-width:999px){.full-width-ns .nectar-slider-wrap .swiper-slide[data-y-pos="middle"] .content,.full-width-ns .nectar-slider-wrap .swiper-slide[data-y-pos="top"] .content{padding-top:30px;}}.screen-reader-text,.nectar-skip-to-content:not(:focus){border:0;clip:rect(1px,1px,1px,1px);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute !important;width:1px;word-wrap:normal !important;}.fa{font-style:normal;font-variant:normal;font-weight:normal;font-family:FontAwesome;}.ubermenu-main{background-color:#fff;background:-webkit-gradient(linear,left top,left bottom,from(#fff),to(#0a0a0a));background:-webkit-linear-gradient(top,#fff,#0a0a0a);background:-moz-linear-gradient(top,#fff,#0a0a0a);background:-ms-linear-gradient(top,#fff,#0a0a0a);background:-o-linear-gradient(top,#fff,#0a0a0a);background:linear-gradient(top,#fff,#0a0a0a);}.ubermenu.ubermenu-main{background:none;border:none;box-shadow:none;}.ubermenu.ubermenu-main .ubermenu-item-level-0 > .ubermenu-target{border:none;box-shadow:none;}.ubermenu.ubermenu-main.ubermenu-horizontal .ubermenu-submenu-drop.ubermenu-submenu-align-left_edge_bar,.ubermenu.ubermenu-main.ubermenu-horizontal .ubermenu-submenu-drop.ubermenu-submenu-align-full_width{left:0;}.ubermenu.ubermenu-main.ubermenu-horizontal .ubermenu-item-level-0.ubermenu-active > .ubermenu-submenu-drop,.ubermenu.ubermenu-main.ubermenu-horizontal:not(.ubermenu-transition-shift) .ubermenu-item-level-0 > .ubermenu-submenu-drop{margin-top:0;}.revtp-searchform input[type="text"]{width:260px;padding:8px !important;font-size:16px !important;border:none !important;margin:0 auto !important;}.revtp-searchform input[type="submit"]{padding:10px 12px !important;font-size:16px !important;background-color:#009aee !important;color:#fff !important;text-shadow:none !important;}form#gform_15{background:#484848;padding:20px;}#sidebar .widget #input_15_3{padding:20px;}input#gform_submit_button_15{background:#e7be7e;text-transform:uppercase;font-family:"DaxCompact",sans-serif;font-weight:500;}div#gform_wrapper_15 ::placeholder{color:#fff;}#sidebar .widget input[type=text],#sidebar .widget input[type=email]{color:#fff;background:#5b5b5b;margin-top:-6px;border-bottom:0;}#sidebar select{color:#fff;border-bottom:0;padding:10px;}.widget .gform_legacy_markup_wrapper select option{background:#e7be7e;}.widget .intl-tel-input .flag-dropdown .selected-flag{margin:1px;padding:6px 16px 6px 6px !important;}.widget .intl-tel-input .flag-dropdown .selected-flag .down-arrow{border-top:4px solid white;}#sidebar .widget .gform_legacy_markup_wrapper .validation_message{color:#e7be7e;padding-left:10px;}#sidebar .widget .gform_legacy_markup_wrapper li.gfield_error input:not([type=radio]):not([type=checkbox]):not([type=submit]):not([type=button]):not([type=image]):not([type=file]),.gform_legacy_markup_wrapper li.gfield_error textarea{border:1px solid #e7be7e;}#sidebar .widget .third-party-intro .gform_wrapper .gfield_validation_message,.gform_wrapper .validation_message{background:#484848;color:#ab9cc3;}#sidebar .widget .gform_legacy_markup_wrapper li.gfield.gfield_error,.gform_legacy_markup_wrapper li.gfield.gfield_error.gfield_contains_required.gfield_creditcard_warning{background-color:unset;}#sidebar .widget .gform_validation_errors>h2{color:#e7be7e;}#sidebar .widget .gform_legacy_markup_wrapper div.validation_error{color:#e7be7e;margin-bottom:25px;border-top:2px solid #e7be7e;border-bottom:2px solid #e7be7e;}#sidebar .widget .gform_validation_errors{border:1px solid #e7be7e;box-shadow:0 0 0 #e7be7e;}#sidebar .widget .gform_validation_errors>h2:before{content:unset;}#sidebar .widget .gform_legacy_markup_wrapper .field_description_below .gfield_description{padding-top:2px;}