Regulation, Risk & Compliance
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UAE Central Bank cancels licence of Russia's MTS Bank in Abu Dhabi
The UAE Central Bank has cancelled the licence of Russia's MTS Bank in Abu Dhabi due to the sanctions risks associated with the lender. MTS Bank will wind down its operations “within six months from the date of the decision”, under the supervision of the Central Bank, before closing its…
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Click here to read the full story: The National News