Central Bank of UAE fines local bank AED 5.8 million for AML/CFT policy non-compliance.

Central Bank of UAE fines local bank AED 5.8 million for AML/CFT policy shortcomings, adhering to Article 14 of the 2018 AML/CFT law. This is not the first time as eight banks were penalized in 2020 for disobeying NDDSF loan restrictions.

August 02, 2024
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