Recent researches have shown the improving trend in the CSR disclosures by UAE companies and how the board of directors and ownership structure are significantly and positively associated with the CSR disclosures. With the growing availability of CSR reports, lenders and investors are now aware of the importance of financing businesses which demonstrate innovativeness and environmental-change-readiness by operating sustainably today. One thing that companies are having to deal with nowadays is that stakeholders are information-savvy—they are on the lookout to not only understand a company's position relative to CSR, but to verify and ensure that companies are honest about their CSR activities and reports.
The purpose of this paper is to examine how including anti-money laundering as an element of the UAE Corporate Social Responsibilities Law can contribute to solving the externality problem of money laundering. Based on the principles of CSR and the economic effects of disclosure duties, this paper analyzes the implications an introduction of anti-money laundering policies and disclosure duties can have on corporate clients and the combatting against money laundering in the UAE. Furthermore, it is the intention of this paper to argue how such a regulatory change can help the financial companies and investors dividing “good” and “bad” clients to prevent money laundering from happening in the UAE. Ultimately, our theoretical discussion will argue that the introduction of anti-money laundering policies and disclosure duties are more likely to help companies gain access to capital with which they can expand their business along with their CSR endeavors.
Money laundering is a serious crime that has a devastating impact on the global economy. The United Arab Emirates (UAE) has taken steps to combat money laundering by introducing a Corporate Social Responsibility (CSR) Law in 2019. This law is intended to help companies in the UAE comply with global anti-money laundering frameworks and regulations, while also promoting ethical and responsible practices. By empowering companies to be transparent and accountable, the CSR Law can be an effective tool in the fight against money laundering.
The UAE CSR Law requires companies to adopt and implement a CSR strategy that is in line with the country’s vision and objectives.
Read Closing Case IKEA Entering India, finally! on page 436 of your textbook. Then, design an infographic that visually communicates your responses to the bullet points below. What do you think are the attractions of India to IKEA? Why did the company choose Hyderabad as the location for its first store opening? What are the biggest challenges IKEA faces in growing its Indian operation? IKEA entered India by establishing a wholly owned subsidiary. Why do you think the company chose this entry mode over other entry modes, such as franchising the IKEA concept or a joint venture? ...
What might be the benefits for a business of engaging with the United Nations Sustainable Development Goals?
PART A: Answer each of the following questions in a composition of 10 to 20 sentences. Each answer is worth 20 points.1. Bob and Shirley attempted to form a corporation for the restaurant Bob & Shirley's. Bob and Shirley inadvertently failed to file the articles of incorporation. Can they still be treated as a corporation? If yes, how and in which situations?2. Terry, an adult, enters into a contract with Curtis, a 16-year-old, who lives in his own apartment and supports himself with a part-time Job. Terry and Curtis have a dispute about the contract, ...
1. "The role of a nurse leader is to advocate for patients, families, colleagues and healthcare systems", explain with an example2. "Attending meetings with interdisciplinary team to discuss the problems impacting nurses and patients is one method in which leaders may push for change in healthcare",*Describe 1 or 2 other advocacy strategies that you can use as a leader to create positive change in a work place to include the above method "Attending........healthcare", with an example3. "The leadership strategy I would use to bring about positive change in my work is to ensure that the nurses are not overworked". *Explain with ...
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