A Year-End Insight into Energy & Climate Law

This special edition of Law Update, marking Al Tamimi & Company’s 35th anniversary, explores the evolving legal landscape of energy and climate law across the region.

As the Middle East prioritises sustainable growth, this edition examines key developments shaping the future of the sector. From the UAE’s Federal Law No. 11 of 2024 to advancements in green hydrogen, solar financing, and carbon capture technology, we spotlight the innovative strides and challenges defining this critical area.

We also go into Saudi Arabia’s initiatives to integrate carbon capture into its industrial expansion and Egypt’s AFRICARBONEX platform, which underscores the region’s commitment to a sustainable and inclusive future.

Join us as we celebrate 35 years of legal excellence and forward-thinking insights, paving the way for a more sustainable tomorrow.

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September 2013
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UAE Ministry of Justice circular: AML/CFT responsibilities of law firms, lawyers & Public Notaries

UAE Ministry of Justice circular: AML/CFT responsibilities of law firms, lawyers & Public Notaries

Ibtissem Lassoued - Partner, Co-Head of White Collar Crime & Investigations - White Collar Crime & Investigations / Family Business

i.lassoued@tamimi.com

Dubai International Financial Centre

Andrew Hudson

a.hudson@tamimi.com

September 2013

On 21 August 2013, the MoJ distributed Circular No. 2 of 2013 on Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) Regulations for Lawyers and Other Legal Professionals and Public Notaries dated 11 August 2013 (the ‘Circular’).

The Circular reminds lawyers, other legal professionals and public notaries that they are subject to certain obligations in accordance with:

Federal Law No. 2 of 2002 regarding the criminalization of money laundering (‘AML Law’);
Federal Law No. 1 of 2004 on combating terrorism offences (‘CT Law’); and
Financial Action Task Force (FATF) Recommendations.

Whereas the AML Law and the CT Law do not make specific reference to the obligations imposed on legal professionals, The Circular makes it clear that the obligations under those laws and the Circular apply to lawyers, legal professionals and public notaries in the conduct of the following activities by them:

Transactions in real estate.
Management of client money, securities and other assets.
Management of bank, savings or securities accounts.
Organisation of contributions for the creation, operation or management of companies legal persons or other arrangements, and the buying and selling of business entities.

A key requirement of the Circular is that Senior Management and owners of law firms must ensure that the firm’s policies, procedures, systems and controls appropriately and adequately address the requirements of the AML and CT Laws and the Circular.

This bulletin is intended to bring the Circular to the attention of those persons to whom it applies. If you have any queries regarding the Circular or the areas of law it addresses, please contact Ibtissam Lassoued, Partner, Financial Crime Department at: i.lassoued@tamimi.com and Andrew Hudson at: a.hudson@tamimi.com.