Regulation, Risk & Compliance
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CBUAE fines UAE-based exchange house Dh2 million for violating AML rules
The Central Bank of the UAE (CBUAE) has imposed a financial sanction of Dh2 million on a UAE-based exchange house. The penalty was issued following an examination by the central bank that revealed the exchange house failed to comply with anti-money laundering and countering the financing of terrorism (AML/CFT) procedures….
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Click here to read the full story: Gulf News