Regulation, Risk & Compliance
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Dubai: Bank fined Dh11.1 million for inadequate anti-money laundering systems
The Dubai Financial Services Authority on Tuesday said it imposed a fine of $3.02 million Dh11.1 million) on the bank Mirabaud (Middle East) Limited for having inadequate anti-money laundering (AML) systems and controls between June 2018 and October 2021. The fine includes the disgorgement of $975,000 (Dh3.58 million), which represents…
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Click here to read the full story: Khaleej Times