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My boss is forcing me to pay employment visa fees What can I do?
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Hugh Fraser signs new legal alliances in UAE, Saudi Arabia
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HFI signs four new legal alliances
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Dubai Economy and DIFC to Expand UAE KYC Blockchain Consortium
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Dubai Economy, DIFC to unify corporate e-KYC platforms
DUBAI, 4 hours, 25 minutes ago Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to expand the UAE KYC (Know Your Customer) Blockchain Consortium positioning it as the national corporate e-KYC platform. It will facilitate faster, more secure and streamlined customer onboarding and allow sharing of verified e-KYC data between licensing authorities and financial institutions through advanced distributed technologies, reported Emirates news agency
Wam. The founding Consortium Members include Dubai Economy, Dubai International Financial Centre, Emirates NBD, Emirates Islamic, Commercial Bank of Dubai, HSBC, Abu Dhabi Commercial Bank, RAKBANK and Mashreq Bank. The first phase went live in 2020 and more entities have joined since resulting in the platform holding close to 50 per cent of corporate e-KYC records in UAE.