Fraud & Ethics
Regulation, Risk & Compliance
Uncategorized
11 UAE banks fined Dh45 million for breaking anti-money laundering rules
The UAE Central Bank has imposed financial sanctions of over Dh45.75 million on 11 banks for violating anti-money laundering (AML) regulations. The financial sanctions were imposed on January 24, 2021, under Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of…
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Click here to read the full story: Khaleej Times