Fraud & Ethics
Regulation, Risk & Compliance
Uncategorized
UAE Central Bank imposes penalty on bank under strict anti-money laundering rules
UAE’s Central Bank has imposed a Dh19.5 million sanction on a bank in the UAE under the country’s Anti Money Laundering and Combating the Financing of Terrorism and Illegal Organisations law. This relates to the bank’s failure to achieve “appropriate levels of compliance” in its AML and sanctions compliance frameworks…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Gulf News