Russian Sanctions seem to be the new reality with further sanctions being imposed on individuals and entities with Russian ownership. Sanctions continue to squeeze the Russian economy influencing the international business scenery as companies need to ensure that sanctioned individuals and entities are not among their current business operations. Penalties for getting this wrong are becoming more and more strict.
When it comes to sanction regimes in general, UAE authorities do impose imprisonment or even fines between AED 50,000 to AED 5,000,000 per violation. Additionally, companies do face additional administrative penalties, including the cancellation of their trade license and being banned from working in the sector related to their violation.
Is this though the case when it comes to UAE and Russia Sanctions?
Infocredit Group and ICG Mecos present the webinar: “Russian Sanctions in the Spotlight: What exactly is the new Regime on Russian Sanctions and how can UAE companies function in this complexity? “on the 4th of July 2022, 15.30- 16.15 GST, on the Zoom Platform.
Join this free webinar to find out how UAE companies are been affected by these sanctions and what should companies need to be aware of.
More specifically this seminar examines:
- Russian Sanctions in the content of UAE
- At to what extent UAE companies are affected and how?
- Pitfalls and dangers that lie ahead for UAE operating companies
- What tools are available to assist them in this complex situation
The webinar is free of charge (registration is needed).
For more information and registration contact us via email at: [email protected].
About Infocredit Group
Infocredit Group has been a leading provider of business intelligence and risk management solutions for 50 years. It offers high-quality flexible solutions, ranging from Credit Risk Management to Regulatory Compliance, Debt Recovery, Call Centre Services, Training, Consulting, ESG Services and Digital Marketing. With a focus on the global shift towards transparency, it aims to empower businesses by enabling critical trade and credit decisions and protects them from precarious scenarios and risky transactions. The company maintains an extensive international network of strategic alliances with reputable companies/associations including, LexisNexis, Finclude, MACM, CICM, Vinciworks, offering reliable tools to businesses across the globe so they can meet their financial, legal and ethical obligations.
www.infocreditgroup.com
