The key requirement of UBO regulations is that entities must keep Registers of UBOs and shareholders/partners. This ensures that companies operating in UAE are transparent in their ownership and control. This register gives information about who benefits from the operations of the legal entity. This is how governments keep a track of ultimate beneficiary owners of companies to monitor any fraud cases. If any entity engages in fraud, it can be directly traced to the owner, who may have to face consequences. Thus, tracking the origins of fraud and financial crime cases becomes easier. Also, fearing such legal action, entities refrain from engaging in money laundering, financial crimes, and corporate fraud. This leads to a reduction in the possibility of financial crimes and fraud at the corporate level. As a result, it improves the business environment of the country.