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Regulatory Compliance Statement

Last updated: January 2025

1. Introduction

AURNÉ Private Advisory ("AURNÉ", "we", "our", "us") is committed to operating in full compliance with applicable laws and regulatory frameworks in the United Arab Emirates ("UAE").

This Regulatory Compliance Statement outlines the principles, obligations, and compliance measures that guide our operations as a Corporate Services Provider, Tax Advisory, Structuring, and Professional Services firm.

2. Legal and Regulatory Framework

AURNÉ adheres to the following UAE laws, regulations, and standards, including but not limited to:

2.1 Corporate Services & Company Formation

  • Federal Law No. 32 of 2021 on Commercial Companies
  • Relevant free zone authority regulations (DMCC, IFZA, Meydan, RAKEZ, SHAMS, SPC Free Zone, Dubai South, etc.)
  • Federal and emirate-level licensing requirements

2.2 Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF)

As a Designated Non-Financial Business or Profession (DNFBP), AURNÉ maintains comprehensive AML/CTF compliance. For detailed information about our AML/CTF framework, procedures, and obligations, please see our AML & CTF Statement.

Key compliance areas include:

  • Federal Decree-Law No. 20 of 2018 (AML Law)
  • Cabinet Decision No. 10 of 2019 (AML/CTF Regulations)
  • MOE DNFBP AML Guidelines
  • goAML registration and reporting obligations
  • Risk-based client due diligence and ongoing monitoring

2.3 Economic Substance Regulations (ESR)

AURNÉ complies with:

  • Cabinet Resolution No. 57 of 2020 (ESR Regulations)
  • Ministerial Decision No. 100 of 2020 (ESR Guidance)
  • Filing requirements for notifications and reports

2.4 Ultimate Beneficial Ownership (UBO)

In line with:

  • Cabinet Decision No. 58 of 2020 (UBO Regulations)

We ensure clients' UBO registers and filings are managed in compliance with authorities.

2.5 UAE Corporate Tax & VAT Regulations

AURNÉ complies with:

  • Federal Decree-Law No. 47 of 2022 on Corporate Tax
  • Federal Decree-Law No. 8 of 2017 on VAT
  • Applicable Executive Regulations
  • FTA filing, registration, and reporting requirements

2.6 Data Protection (Privacy & Security)

AURNÉ adheres to:

  • UAE Federal Decree-Law No. 45 of 2021 on the Protection of Personal Data (PDPL)
  • Relevant Executive Regulations
  • Data minimization, encryption, and secure data processing practices

3. AML/CTF & KYC Compliance

AURNÉ maintains a robust AML/CTF framework and comprehensive KYC procedures. For detailed information, please refer to:

Key compliance elements include:

  • Client Due Diligence (CDD) and Enhanced Due Diligence (EDD) for higher-risk clients
  • Risk-based approach with ongoing monitoring
  • Sanctions screening and watchlist checks
  • Mandatory reporting via goAML (STRs, SARs)
  • Comprehensive staff training and internal controls
  • Minimum 5-year record retention as required by law

4. Governance, Ethics & Professional Standards

AURNÉ upholds high standards including:

  • Confidentiality and client privacy
  • Ethical business conduct
  • Independence and impartiality
  • Transparency in advisory services and fees
  • Avoidance of conflicts of interest
  • Compliance with regulatory authority requirements
  • Prohibition of unlawful, fraudulent, or unethical activities

We reserve the right to decline or terminate any engagement that may violate UAE laws or our compliance obligations.

5. Record Keeping & Regulatory Reporting

5.1 Record Maintenance

We maintain required records for 5–8 years (minimum 5 years for AML/CTF as required by law), including:

All records are securely stored, encrypted, and access-restricted.

5.2 Mandatory Regulatory Submissions

We perform or assist with:

  • Corporate renewals
  • UBO submissions
  • ESR notifications and reports
  • VAT & Corporate Tax filings
  • AML/CTF compliance requirements

Failure to provide documents or respond promptly may impact regulatory deadlines - AURNÉ is not responsible for penalties arising from client delays.

6. Engagement Acceptance & Refusal

To remain fully compliant, AURNÉ may:

We must comply with all legal obligations, even if it requires declining a client's request.

7. Bank Account Opening & Third-Party Dependencies

AURNÉ supports bank account opening processes administratively, but:

  • Bank approvals are at the discretion of the bank
  • Processing times vary
  • Banks may request additional compliance
  • AURNÉ cannot influence or guarantee outcomes

Similarly, outcomes with free zones, DED, FTA, MOF, MOE, and other authorities are determined solely by those entities.

8. International Compliance Considerations

For cross-border clients, we conduct comprehensive screening and risk assessment. For detailed procedures, see our AML & CTF Statement and KYC & Client Onboarding Policy.

Key considerations include:

  • Sanctions screening against UN, UAE, OFAC, EU, and UK lists
  • Jurisdictional risk assessment (FATF high-risk jurisdictions)
  • Enhanced Due Diligence for cross-border structures

We operate strictly within UAE regulatory standards and international AML norms.

9. Professional Indemnity & Limitation of Liability

AURNÉ maintains internal governance and quality controls.

To the fullest extent permitted by UAE law:

  • We are not liable for regulatory penalties resulting from client delays or inaccuracies
  • We cannot guarantee authority decisions
  • Our liability is limited to the fees paid for the specific service
  • We do not assume responsibility for the actions or decisions of third-party authorities

10. Regulatory Updates & Policy Changes

This statement may be revised periodically to reflect:

  • Legislative changes
  • Regulatory shifts
  • Updated guidance from UAE ministries, free zones, or tax authorities
  • Internal compliance enhancements

The latest version will always apply.

11. Contact Information

For compliance matters or regulatory inquiries, contact:

AURNÉ Private Advisory – Compliance Division
Email: contact@aurne.org
Phone: +971 56 497 5840 (WhatsApp)
Phone: +971 56 615 8490 (WhatsApp)
Address: Meydan Grandstand, 6th floor, Meydan Road, Nad Al Sheba, Dubai, U.A.E.