Regulation, Risk & Compliance
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UAE Central Bank hits banking entity with 'financial sanction'
A UAE bank has been hit with financial sanctions by the UAE Central Bank for gaps in its internal anti-money laundering processes. The regulator imposed the penalty after after 'assessing the findings of an examination' done by it, which revealed the bank failed to comply with Anti-AML and related policies….
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Click here to read the full story: Gulf News