Policy & Legal Updates
Dentons Outlines Contractual Safeguards for Managing Sanctions and AML Risks in UAE
Global law firm Dentons published legal analysis warning companies that standard compliance language stating an obligation to comply with applicable laws is often insufficient to address changing sanctions and financial crime risks. The firm highlighted risks faced by UAE entities when counterparties become subject to foreign sanctions regimes not mirrored in local law. Dentons recommended drafting explicit contractual rights permitting information audits, performance suspensions, and contract terminations.
